SIR Richard Branson, chairman of Virgin Atlantic Airlines said: "that for the financial year which ended April 2003 we (Virgin) expect to have made a before tax profit of around £10m (R118m)." Compared with a £92m (R1.1bn) in the previous year. The results cover the activities of the airline and its holidays and cargo operations. Branson added that: "The economic downturn is eroding yields throughout the industry and its effect has been exacerbated by the Iraqi war and now by SARS." (Anton Marsh)
Virgin out of the red
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