The group, which saw revenue of £2.78 billion, said Virgin Holidays had made “a substantial contribution” to the result, with a profit before tax and exceptional items of £10.9 million, a £5 million year on year improvement, which accounts for almost half of the group’s overall figure. During the year, the group sold and leased back four Boeing 787s, generating £57.7 million, which is also included in exceptional items.
The results confirm a turnaround from the 2013 and 2012, when the Virgin Group lost a total of £153 million but underline that it still has some ground to make up.
