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Virgin Atlantic chief executive Craig Kreeger said the results mark the conclusion of the recovery period, putting "firm foundations in place for the future". The group had a pre-tax loss of £51 million the year ending December 2013 - the last time the airline reported a profit was in 2011.
I can't think of a better way to complete our 30th birthday year than with a return to profit. The team at Virgin Atlantic has done a great job in turning around the airline and has the right strategy to take the business from strength to strength.
Keeping our customers and our people at the heart of everything we do gives me great confidence in our future and I look forward to the next 30 years.
Group revenue was £2.9 billion in 2014, with Virgin Holidays recording a profit for the year before tax and exceptional items of £5.7 million, up £3 million year on year, and increased revenue by 1.1%. Passenger satisfaction scores have increased, with an 11% improvement since 2012, while 85.5% of flights departed within 15 minutes of schedule, meaning that 14.5% did not.
Virgin Atlantic has reported its first profit since 2011 and the airline's founder Sir Richard Branson said he was looking forward "to the next 30 years".
The carrier is reporting a pre-tax profit of £14.4 million for the year ending December 31 2014, representing an improvement of Virgin Atlantic has reported its first profit since 2011 and the airline's founder Sir Richard Branson said he was looking forward "to the next 30 years".
Sir Richard has hailed staff for doing "a great job in turning around the airline".
Sir Richard Branson's airline Virgin Atlantic is set to fly from Northern Ireland for the first time.
A total of eight services will be opened between Belfast and Orlando in Florida in June and July 2015.
Virgin is also expanding its existing Las Vegas services by operating flights to the Nevada gambling city from Glasgow in autumn 2015.
Delta Air Lines has confirmed that is has bought a 49% stake in Virgin Atlantic.
They will work together on more than 100 routes, it was announced.