Another £342m of pre-tax losses at Virgin
Virgin Atlantic reported its sixth straight year of losses in 2022. How did the £342m pre tax loss compare to rival BA? And how well is Virgin set up to achieve its goal of delivering sustainable profitability in the future?
A not quite end of year review
As we approach the end of what has been another eventful year for the aviation industry, I reflect on how things have turned out compared to my expectations at the end of 2020.
Another set of Virgin Atlantic accounts
Only four months after the publication of their 2019 accounts, Virgin Atlantic have filed their 2020 figures. What do they show and how do they compare to those at arch-rival British Airways?
The end of the beginning?
More than six months into the crisis, the Q3 results for the big US airlines provide some perspective on how the industry is coping with the pandemic and the scale of the value destruction that has already taken place.
Bleeding out
There was much red ink on display in the big three US network carriers Q2 results. Who did the best job maximising revenue, minimising costs and stemming the cash burn?
Delta records $7 billion pre tax loss for June quarter
Yesterday, Delta became the first of the big airlines to reveal the scale of the financial impact of the COVID-19 crisis when it reported its results for the quarter ending June 2020.