Due to the coronavirus pandemic, Virgin Atlantic Airways experienced a drastic decline in the number of passengers, which amounted to only 1.14 million in 2020 and 1.07 million in 2021. As of 2022, the airline company was uplifted 4.15 million travelers.
Virgin Atlantic Airways - additional information
Founded in 1984, Virgin Atlantic Airways Limited is a British airline with its headquarters located in Crawley, UK. Virgin Atlantic is majority-owned by the Virgin Group and is based at Heathrow Airport. In 2022, Virgin Atlantic employed just under eight thousand people and generated roughly 2.9 billion British pounds in revenue. The airline incurred a over 338 million British pounds loss in that same year.
Impact of COVID-19 on European aviation
The large decline in passenger numbers and the financial performance of many airlines was caused by the emergence of the COVID-19 pandemic. Globally, numerous countries implemented various restrictions and regulations relative to travel aimed curbing the spread of the virus. As a result, commercial airlines in Europe reported net losses amounting to 34.5 billion U.S. dollars in 2020. However, since late 2020, the operations and performance of the airline companies have been improving. European commercial airlines are forecasted to have a net profit of 9.8 billion U.S. dollars in 2023.
Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022
(in millions)
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Civil Aviation Authority (UK). (March 20, 2023). Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022 (in millions) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/
Civil Aviation Authority (UK). "Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022 (in millions)." Chart. March 20, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/
Civil Aviation Authority (UK). (2023). Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022 (in millions). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/
Civil Aviation Authority (UK). "Number of Passengers Uplifted by Virgin Atlantic Airways Ltd in The United Kingdom (Uk) from 2008 to 2022 (in Millions)." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/
Civil Aviation Authority (UK), Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022 (in millions) Statista, https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/ (last visited September 01, 2024)
Number of passengers uplifted by Virgin Atlantic Airways Ltd in the United Kingdom (UK) from 2008 to 2022 (in millions) [Graph], Civil Aviation Authority (UK), March 20, 2023. [Online]. Available: https://www.statista.com/statistics/309373/virgin-atlantics-uk-passenger-numbers/