Virgin enjoys healthy improvement in cargo volumes
Virgin Atlantic released results for its 2012 financial year – the 12 months ending 29 February – last week, amongst which was news that its cargo-related revenue rose by 12 percent compared to the previous year.
The parent carrier’s revenue rose by 3 percent year-on-year. However, the Group still made an operating loss in the face of uncertainty in the market, high fuel prices and a rise in air passenger duty fees.
Virgin Atlantic is expecting to receive six A330 widebody aircraft this year, while the carrier’s network expansion is seeing the launch of new services to Vancouver, Cancún and Mumbai.