News / Strong year for cargo, but Virgin Atlantic still records first loss in four years

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Cargo volumes may have hit a five-year high, but Virgin Atlantic has recorded its first loss in four years.

Chief executive Craig Kreeger predicted last year that the carrier would struggle for profit as sterling depreciated against the dollar, and he stuck to that line when reporting the £28.4m pre-tax loss.

Reports also have him citing an industry-wide problem in accessing Rolls-Royce engine parts for VA’s Boeing 787 fleet and other challenges resulting from hurricane disruption across the Americas.

Despite the weakness reported by the carrier overall, the cargo division managed to ...