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Non-Tech : Virgin Express (VIRGY) Richard Branson's European Airline

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To: Mike Fox who wrote (1)1/12/1999 10:25:00 AM
From: AC Flyer  Read Replies (1) of 62
 
Virgin Express Announces December Traffic Results

Key facts:
1. Revenue passenger miles in scheduled service up 25.5%.
2. Load factor in scheduled service up 3.8% to 71.1%
3. Charter block hours up 60.3%

>>PR Newswire - January 11, 1999 12:37
BRUSSELS, Belgium, Jan. 11 /PRNewswire/ -- Virgin Express S.A./N.V., the subsidiary of Virgin Express Holdings plc (Nasdaq: VIRGY; Brussels: VIR) reported the following traffic results for December, 1998: Revenue passenger miles in scheduled service increased 25.5% in December 1998 to 105 million compared to 84 million a year ago. Scheduled capacity increased 18.8% to 148 million ASMs versus 124 million in the previous December. Passengers flown in scheduled service increased 33% to 231,107 in December 1998 versus 174,252 in December 1997. Load factor increased 3.8 percentage points to 71.1% from 67.3%.
From its Brussels hub Virgin Express operates scheduled services to London (Heathrow, Gatwick, & Stansted), Copenhagen, Milan, Rome, Nice, Barcelona and Madrid, and also operates flights from Rome to Barcelona and Madrid. Charter services are offered to over 150 different destinations in Europe, the Middle East and North Africa. New service between London and Shannon Ireland started on 18 December.<<
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