A 1.5 billion pound rescue package helped Virgin Atlantic navigate the Covid-19 storm in 2020. The airline posted a 659 million pound loss that year.
As skies brighten for aviation, Virgin Atlantic sees passengers return. The airline most recently reported a bookings surge by the 250 percent on its landmark London - New York route after Britain eased travel restrictions.
Closely held Virgin Atlantic might use this momentum to sell some of its stock to investors - Sky News reports management considers goeing public by autumn. The company declined to comment.
Virgin Atlantic recently held a cash balance of nearly 200 million pound.
© aero.uk | Image: Virgin Atlantic, Airbus | 10/08/2021 10:23