Virgin Atlantic reports annual loss, says fuel costs rose by one third-BBC

8/3/12, "Virgin Atlantic makes annual loss after high fuel costs," BBC

"Virgin Atlantic has reported an annual loss because of higher fuel prices.

The carrier made a loss of £80m in the 12 months to the end of February, compared with a profit of £18.5m a year earlier.

Founded by Sir Richard Branson and 49% owned by Singapore Airlines, Virgin said its fuel costs rose by one third."...

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