Originally Posted by teamax
Is that why you are losing money?
You obviously know something we in the company don't! While Virgin's pretax profit in 06/07 was reasonable, it was certainly reduced significantly by Virgin Nigeria's losses. However, the company remained in profit even after VK's losses - and tax - were taken into account. Not great profit, admittedly, but profit nevertheless. The 07/08 figures won't be announced for some months yet but, despite fuel prices and the disruption caused by the putative CC strike, the results are likely to be significantly better than last year.