Foreign Affairs Discussion Group Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skywatcher who wrote (60121)	12/6/2002 2:19:05 AM
From: MSI	Read Replies (1) of 281500

Re: the best in the world -- the profitable carriers are proving the point: the unprofitable ones need to change, or get out of the way. As far as a meal goes - see what the profitable carriers do. Maybe someone will come up with a separate menu. As far as being treated like cattle - that isn't necessary. Ever fly Virgin Atlantic? They do a nice job news.bbc.co.uk Virgin Atlantic returns to profit Virgin Atlantic: Back on course? Virgin Atlantic has returned to profit, in a sign of the aviation industry's recovery from the slump following the 11 September terror strikes. Entrepreneur Sir Richard Branson, who owns 51% of the airline, credited its revival largely down to "hard work and dedication" of the airline's workforce. The carrier posted underlying profits of almost £5m for the three months ending in April. The recent improvement in Virgin Atlantic's profits mirrors the reviving traffic reported by airports operator BAA, and also by British Airways which releases its latest results statement on Monday. Passenger numbers Virgin's return to profit will be viewed by analysts as a further indication of the success of cost-cutting drives. These were implemented by carriers as passenger numbers slid following the attacks - particularly on the Atlantic routes served by Virgin Atlantic Virgin Atlantic shed 1,900 jobs, although it has since created 300. Sir Richard said Virgin Atlantic's return to profits reflected the carrier's "quick and decisive" shake-up following 11 September. The carrier cut prices to as low as £98 for a return trip from London to New York in November and December. The proportion of seats taken on Virgin Atlantic flights was 85-90% over the quarter, compared with 80-85% a year before, although overall passenger numbers were down 6%. "It's a tremendous achievement to register a trading profit in the last three months after the terrible challenges the airline faced last year," Sir Richard said. The statement came as flights to and from Britain were hit by cancellations and delays because of a computer glitch at the country's National Air Traffic Service, in which Virgin Atlantic invested last year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next