The figure for the calendar year comes despite record revenue of £3.1 billion, an increase of £265 million year on year. The 2023 loss also follows a £206 million deficit in 2022.
The airline said the 2023 results “reflect progress made in a year of sustained customer demand”. Virgin is now mid-way through its four-year plan to return to profit. “The 2023 financial, commercial and operational results illustrate that Virgin Atlantic is on course,” it said.
The carrier hailed “robust customer demand for premium leisure air travel and holidays”, with corporate travel being slower to return to pre-pandemic levels.
