Discount flights clip Virgin's profits

Brussels based Virgin Express Holdings PLC has posted a full year net loss of €19.6m compared with last year's profit of €0.4m.

Discount flights clip Virgin's profits
Tue, 30 Mar, 2004 - 10:24

Brussels based Virgin Express Holdings PLC has posted a full year net loss of €19.6m compared with last year's profit of €0.4m.

The group attributes the loss to heavy price discounting. Virgin Express Holdings offers low-fare, no-frills service in Europe with a fleet of about 15 Boeing 737s, flying to nearly 20 destinations around western Europe

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