News Tag: Virgin Atlantic
November 13, 2009
It has been confirmed that British Airways (BA) and Spanish airline Iberia have reached a preliminary merger agreement.
Merger talks took place between both companies yesterday and the deal is understood to give Iberia 45% and BA 55% of a newly merged company.
The combined firm would create Europe’s third largest airline and have 419 aircraft flying to 205 destinations. ...
BA and Iberia reach preliminary merger deal
by Kay Murchie
July 2, 2009
Virgin Atlantic is set to reduce its number of flights this winter which will put 600 jobs at risk.
The airline, founded by Sir Richard Branson, announced that it was not operating its Heathrow-Chicago daily service for the winter 2009/10 season and is suspending one of its two daily services between Heathrow and Hong Kong.
The airline said it ...
Jobs at risk as Virgin Atlantic cuts back services
by Kay Murchie
June 21, 2009
Sir Richard Branson, founder of Virgin Atlantic, is urging ministers not to step in and bail out British Airways (BA).
BA, along with many other airlines, has been struggling amid the economic downturn which put many airlines out of business last year.
Earlier this month, BA admitted it was fighting for survival and asked 40,000 members of staff to ...
Richard Branson urges Government not to bail out British Airways
by Kay Murchie
June 2, 2009
Europe’s largest no-frills airline, Ryanair, has posted its first annual loss, which it attribute to rising fuel costs, lower fares and the write-down on the value of its stake in Irish rival Aer Lingus.
The airline made a net loss for the 12 months to the end of March of €169 million, compared with a profit of €481 million a year ...
Ryanair posts larger loss than expected
by Kay Murchie
May 26, 2009
Virgin Atlantic has bucked the trend among airlines after reporting that it has almost doubled profits.
In the 12 months to the end of February, pre-tax profits rose to £68.4 million, compared with the £34.8 million reported a year earlier.
The announcement comes as many airlines continue to experience a slump in demand with many forced out of business last year. ...
Annual profits almost double for Virgin Atlantic
by Kay Murchie
