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Virgin profits on high demand on its India route

Premier British carrier Virgin Atlantic has returned to profits and higher revenue since last year, with its earnings on the India route being a prime factor.

August 10, 2011 / 06:50 PM IST

Premier British carrier Virgin Atlantic has returned to profits and higher revenue since last year, with its earnings on the India route being a prime factor.


Announcing a total pre-tax profit of 18.5 million pounds and a 13% rise in its revenues, the airline said its revenues on the London Heathrow-Delhi route was "driven largely by sales in India" with the demand remaining high with a positive 80% seat load factor.


All this happened despite the ash cloud crisis and winter closure of Heathrow airport that cost a combined 40 million pounds, the airline said in a statement.


"Virgin Atlantic in India has made a positive contribution to the airline's overall 2010-11 results," Michael Burke, Country Manager in India, said.


"Loyalty to Virgin Atlantic continues to grow. Last year we saw a 13% growth in our Delhi to London business reflecting a rebound in confidence particularly in
the business travel sector," Burke said.


The airline also announced a 39% hike in its cargo revenues, a 100 million pound investment in creation of new products and 1,000 additional jobs.

Virgin's Chief Executive Steve Ridgway said, "Whilst we have been very focused on trading the airline back to profitability, we have worked hard to introduce new aircraft, new routes and extra rotations to the existing network where there has been high demand.

first published: Aug 10, 2011 06:42 pm

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