Overview

• Virgin Atlantic achieved a £20 million pretax profit in 2024, its first since the COVID-19 pandemic, reversing a £139 million loss in 2023.
• The airline reported record revenues of £3.3 billion in 2024, driven by a 7.6% increase in passenger numbers to 5.6 million.
• Virgin Atlantic repaid £174 million of pandemic-related debt in 2024, strengthening its financial position with £443 million in cash reserves at year-end.
• CEO Shai Weiss highlighted plans for 2025, including new routes to Toronto, Riyadh, and Cancun, a new app, and a clubhouse in Los Angeles.
• The airline's recovery has been bolstered by strong demand for premium leisure and business travel, despite economic uncertainties in key markets like the U.S.