News / Virgin Atlantic Cargo expects price pressure on revenue to ease this year

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Virgin Atlantic Cargo today reported 2016 revenues of £174m, down from £195m a year earlier, despite volumes growing 1.8%.

The airline carried 218,000 tonnes, giving it a 64% load factor. However, price pressure contributed to weaker revenues, as did the weakness of the pound.

However, the carrier said it hoped to see more market stability this year.

“2016 was a challenging year for a variety of reasons,” said senior vice president cargo John Lloyd. “The impact of overcapacity on yields and the falling ...