Elon Musk backs Disney activist investor; Virgin Atlantic expects 2024 return to profit – business live
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Virgin Atlantic has said that expects to make a profit this year, after narrowing its losses during 2023 in the long aftermath of the coronavirus pandemic.
The airline, which is part-owned by Richard Branson’s Virgin Group, said that losses before tax and exceptional items fell to £139m, down from £206m.
In 2023, we capitalised on continued strong demand for leisure air travel and holidays, which shows that desire for experiences and travel remains, resulting in record revenues. A loss is never satisfactory; however, our performance and results illustrate that we have made really good progress in 2023, the plan is working, and Virgin Atlantic is on course to return to profitability in 2024.
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