Virgin didn't lose $80 million last year. They just spent a bucket load off money on rebranding, combining all the various airlines they had and are in the process of going business class across the board (ejet excluded).
So spending $80,000,000 of money they don't have is not a loss, it's a.............?
Rebranding, Business class etc is an attempt to head off further losses before they grow significantly which was starting to happen due to the LCC market becoming saturated.
Have virgin put out a profit guidance for this year??