Virgin Atlantic warns about signs of decline in the demand for transatlantic flights

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

Virgin Atlantic said it was a profit for the first time since the pandemic, but the request of the transatlantic transatlantic transatlants from the US consumers warned of the early signs of the demand.

Monday Sir Richard Branson’s Virgin Group, most of the airline, before £ 20, before £ 20 for 2024, before a year before a year before £ 20.

The last time he lasted a profit in 2016. The two years of the two years, which are more slowly than their oldest rivals from bandemia than their largest competitors, are more likely than their greatest competitors.

“2024, Virgin was a turning point for the Atlantic,” he said.

Like BA, it is high in lucrative transatlantic routes between the United States and Europe.

Oli Byers said the General Financial Officer Virgin Atlantic Over the past few weeks, “the US request began to see some signals slowed.” “We think this is a very natural reaction for the uncertainty of the general consumer,” he said.

Byers said that the landings are from a high base and the airline hopes to increase the revenues ordered in the United States in 2025.

Shares in IAG fell 5 percent after the statements of the Virgin Atlantic.

Analysts suspected the deteriorating economic image in the United States, as well as tensions between the United States and Europe, as well as tensions between the United States and Europe.

The largest US Airlines has warned this month Slowing in domestic requestBut he said he did not spread to international visits.

Last week, the heads of three largest long-lasting groups – IAG, Air France-KLM and Lufthansa, said they followed the order samples, but did not see the demand for transatlantic travel.

“This is for us.

Analysts in Barclays are responsible for more than half of the transatlantic routes and warned that this month slowed in the US domestic market.

They added that tensions between the United States and Europe may lead to fewer people who choose to pass the Atlantic for the holiday.

“We recognize that this rich can be early. Only the Atlantic hears the confidence of the Atlantic, which is so far. But we still think that a refreshing environment of northern Atlantic will soon emerge.”

The restoration of the Virgin Atlantic slowed down the cost of £ 1 billion to survive the pandemic. Unlike many opponents, this is rejected to enter public funds.

The virgin group has 51 percent of the airline, and the remaining 49 percent have US group Delta air lines.

Virgin Atlantic, in 2024, £ 2.6 billion, reported passenger income from £ 179 million. The seat capacity increased by 8 percent and reported “demand for work and premium rest.”

The airline, which began in 2022 and will be completed in December, said the four-year return plan was “continuous profitable”.