By Phil Davies | On March 31, 2025, 09:00 Virgin Atlantic reached a “turning level” by making its first earnings in a decade since the pandemic. The airport reported a 20 million income before taxes and special items worth the same as its revenues increased by a record of £183 million in the 2024 calendar year. According to the airline’s annual results, passenger capacity growth of 7.6 %, continued demand for business and premium leisure travel, and the launch of” Unlimited Availability” reward seats for members of the Flying Club. Virgin Atlantic strengthened its balance sheet, ending the year with a money place of £443 million, up £37 million, including paying down £174 million of pandemic-related debts, as a result of the improved performance over 2023. Since 2022, the aircraft has paid down £500 million of debt incurred during the pandemic, and last year it successfully completed £485 million of loan borrowing on increased words. The airline reported that” continued cost discipline contributed to the airline achieving its highest ever earnings before interest and tax ( EBIT ) of £230 million, more than quadrupling the £48 million delivered in 2023 and bolstering progress towards sustainable profitability.” Virgin Atlantic Holidays, a girl tour company, made £517 million in revenue, an increase of 10 % over the same period in 2023, carrying 255, 000 holidaymakers. In 2024, Virgin Atlantic operated a fleet of 43 plane and carried 5.6 million people with a weight element of 77.3 %. Despite “operational challenges,” which were brought on by reduced availability of Rolls Royce Trent 1000 engines, a flight completion factor of 98.6 % was achieved. With record revenues and operating profit achieved in our fortieth year, we returned to profitability for the first time since the pandemic, repaid a large portion of debt, and faced into operational challenges by taking decisive action, in 2024, Chief Executive Shai Weiss ( pictured ) stated:” Our performance in 2024 marked a big step forward in our mission to become the most beloved travel company and sustainably profitable. Every morning, our employees give our customers the best possible smiles. It’s that easy. ” 2024 was a turning point for Virgin Atlantic and the pinnacle of our change,” he continued,” I’m so glad to see their great efforts result in success, from the implementation of Unlimited Availability praise seats and the integration of our trip and vacation business on virginatlantic.com. For 2025, we have a detailed plan in place, including a new game, new pathways to Toronto, Riyadh, and Cancun, a fresh hall, and greater steadiness for our business. We dare to envision an yet better potential in 2025. This make it happen,” according to Chief Financial Officer Oli Byers,” 2024 economic results reflect a second consecutive year of our teams delivering report revenues coupled with continual cost control.” The Virgin Atlantic people’s people have an unwavering commitment to the company, which is demonstrated by our report EBIT efficiency and return to profitability in our forty-eighteen year. ” Along with the working results, we continued to pay a lot of our epidemic debt.” Our accomplishments contribute significantly to creating a more secure and stronger prospect for Virgin Atlantic.
