Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Apr 20, 2024

COVID-19: Virgin Atlantic boss says 'no reason to delay' return of UK-US travel as it posts £858m loss

COVID-19: Virgin Atlantic boss says 'no reason to delay' return of UK-US travel as it posts £858m loss

Virgin wants the US to be on the UK's green list when non-essential travel reopens under a "traffic light" system next month.

The boss of Virgin Atlantic says there is "no reason to delay" the return of US-UK travel next month - as the carrier reported an £858m annual loss.

Virgin, which has cut thousands of jobs with flights grounded during the pandemic - and last autumn completed a rescue deal with investors - said passenger numbers last year fell by more than 80% to 1.1 million.

Under the government's roadmap for reopening, non-essential travel is set to resume on 17 May under a "traffic light" system but it has yet to announce which countries will be on the "green list" subject to fewest restrictions.

The carrier is 51% owned by Sir Richard Branson's Virgin Group


Virgin's boss Shai Weiss has argued that the US should be on the list - which will allow passengers to return from the selected countries without having to isolate, though they will have to pay for COVID tests.

Mr Weiss said: "With world leading vaccination programmes in both the UK and US, and evidence to support safe reopening through testing, there is a clear opportunity to open up travel and no reason to delay beyond 17 May."

The comments, reiterating a stance previously outlined by Mr Weiss, come after easyJet boss Johan Lundgren said earlier this month that European holiday destinations such as Spain, Italy, Greece and Portugal should be on the list too.

Travel sector operators have also been asking to be told about the list as soon as possible as the reopening date nears.

This week, Jet2 said the uncertainty was resulting in travellers leaving bookings until the last minute.

Transatlantic routes typically account for about four-fifths of revenues for Virgin Atlantic - which is 51% owned by Sir Richard Branson's Virgin group and 49% by America's Delta airlines.

Mr Weiss said Virgin welcomed the government's framework for reopening travel but that it did not go far enough, with hundreds of thousands of jobs in the industry at stake.

"Now we need certainty that the framework will allow for a phased removal of testing and quarantine," he said.

Virgin said revenues fell by 70% to £868m last year with an upturn in cargo volumes the only financial boost.

It also said it "made a significant contribution towards the national effort to protect lives, from transporting vital PPE and medical supplies, to volunteering to support NHS frontline services".

The carrier said it had processed more than £600m of customer refunds during the year as a result of the disruption.

Virgin's loss for the year of £858m compares to a loss of £63.7m in 2019.

The annual report showed that the company's number of employees fell from 10,016 to 5,907 over the year while the company received £70m from the government's furlough scheme subsidising the wages of workers temporarily laid off due to the pandemic.

Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×