Virgin Atlantic Posts 2017 Loss, Cites ‘Significant’ Challenges
LONDON—Virgin Atlantic Group incurred a £48.5 million ($67.6 million) net loss for 2017, down from a £187.3 million net profit in 2016, citing “significant operational challenges and [a] difficult economic backdrop” for the downturn. Virgin Atlantic cut capacity 2.2% year-over-year (YOY) in 2017 as...
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