Tuesday, August 26, 2008

Virgin Atlantic Posts First-quarter Profit Of GBP23.5M


LONDON -- Virgin Atlantic, the British carrier controlled by billion Richard Branson, on Tuesday said first-quarter pretax profit came in at 23.5 million pounds ($43.3 million). Sales increased 16% to 645.3 million pounds. Load factor, a measure of how full an airline's planes are, rose to 77% from 74.8% in the year-earlier quarter. Virgin said it had gained passengers from rival British Airways because of problems with the latter's Terminal 5 at London's Heathrow airport.

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