None survives today. And the flagship airline of the Virgin Group, Virgin Atlantic? It posted another annual loss last year, a year in which even strike-damaged Air France made a small profit. The airline quickly reached profitability after launching in , convincing the Thatcher government to let it challenge British Airways in the transatlantic market from London Gatwick. That gave Virgin an opportunity to jump in, becoming part of a four-airline quadropoly controlling the lucrative Heathrow-U. As part of the privately held Virgin Group empire, Virgin Atlantic never published detailed financial results.
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Press releases | Virgin Atlantic
Virgin Atlantic 2016 financial results
The carrier founded by Sir Richard Branson reignited its feud with BA by claiming it enjoyed a strong start to the financial year thanks to "ongoing" problems at T5. BA hit back, saying the terminal is working well after its troubled debut, and "it is not surprising if other airlines are envious". Heathrow's largest carrier has sought to dispel any lingering public concern over the building with an advertising campaign that gives the public live updates on security queues and check-in times. The latest spat spread to Virgin Atlantic's financial results, released yesterday.
Virgin Atlantic Ltd has released its annual financial results for the year ended 31st December Passenger numbers have grown by 4. These results put the company in a strong position to realise its plan to revive growth and return to profitability.