For 2022, Virgin Atlantic posted a pretax loss of 206 million pounds ($256 million) on revenues which came in at 2.9 billion pounds, recovering to 98% of levels last seen in 2019 before the pandemic shut travel markets. Virgin, founded by billionaire Richard Branson and 51% owned by Branson's Virgin Group with the balance held by Delta Air Lines, said that summer bookings were ahead of expectations. ($1 = 0.7923 pounds) (Reporting by Sarah Young; Editing by Kate Holton)
Messaging: sarah.young.thomsonreuters@reuters.net)) LONDON, May 10 (Reuters) - Britain's Virgin Atlantic
warned it would not return to profitability until 2024, pushing
back its previous forecast of this year, as a weaker pound,
rising costs and higher interest rates offset strong demand for
travel.
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