Virgin Express Posts Wider Losses, Works To Refocus On 'Core' Business
Virgin Express's situation worsened in the first quarter as the carrier posted a deep pretax loss of 13.8 million euros due to a strong U.S. dollar, compared with the euro, and soaring fuel prices. The airline had a 3 million euro net loss in 1999. Total revenues grew 10.5%, reaching 59.8 million...
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