Virgin announce €158m loss

Sir Richard Branson's airline Virgin Atlantic has announced it made a big operating loss last year.

Virgin's group pre-tax operating loss for March 2009 to February 2010 was £132m (€158m), compared with a profit of £60m (€72m) for the same period the previous year.

But it says the picture is improving with both revenues and passenger numbers up in the first part of this year.

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