Just been browsing VS website press releases,and tagged onto the end of the announcement of new Caribbean routes was the small mention of a GBP 92 million loss last year!!(although a boast of 2 mill profit if it were not for 9/11)
For an airline as small as VS,in terms of size,probably not in the top 5 airlines in the UK..most charters probably have bigger fleets and carry more pax,this equates to a massive loss!! As I understand,VS only has 20 odd a/c and services some 17 destinations(someone correct me if I'm wrong)
Compared to some of the majors who have posted losses of maybe 4,5 or 6 six times more loss than VS...but are airlines that are 10,20,30 0r 40 times bigger in terms of size than Virgin,it strikes me as quite severe.It would be like BA posting losses of maybe 1.2 BILLION!
Is my logic off par,or does this make anyone else think that VS is in serious S**t?
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