Virgin Atlantic recorded a profit before tax and exceptional items of £20 million (R472,5 million) in its 2024 financial results for the first time since the pandemic.
The total revenue of £3,3 billion (R77,9 billion), up £183 million (R4,3 billion) compared with 2023, was fuelled by passenger capacity growth, continued demand for business and premium leisure travel and the launch of Unlimited Availability reward seats for members of Flying Club.
The airline also achieved its highest ever earnings before interest and tax (EBIT) of £230 million (R5,4 billion) compared with the £48 million (R1,1 billion) delivered in 2023.
Passenger capacity was 7,6% higher than 2023, with a passenger revenue of £2,6 billion (R61,4 billion) compared with £179 million (R4,2 billion) in 2023.
“We have a plan in place for 2025, with much to look forward to, including a new app, new routes to Toronto, Riyadh and Cancun, a new Clubhouse in Los Angeles and greater stability for our operation,” said Shai Weiss, CEO of Virgin Atlantic.
