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Virgin Atlantic earns GBP 5m in April quarter

London, Uk - Branson warns losses for FY 2001-02

Virgin Atlantic said it generated underlying profits of "around" GBP 5m (EUR 7.9m) in the three months to April 30 "following the quick and decisive action taken by the airline to restructure its operations in the final quarter of 2001." However, chairman Richard Branson warned that the carrier will report a loss of around GBP 90m (EUR 142.7m) for FY2001-02 due to the impact of September 11. "Both...

AVIONEWS - World Aeronautical Press Agency - 28455
Rome, Italy, 05/20/2002 17:14
AVIONEWS - World Aeronautical Press Agency

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