Virgin Atlantic announces a loss for 2018
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Virgin Atlantic announced a £26m loss for 2018 yesterday, following a £49m loss in 2017.
Underlying numbers were more promising, with revenue rising by 5.8% to £2.78bn, passenger numbers growing by just under 5% to 5.4 million and revenue per customer rising by 1.7%.
The two core issues were the weakness of Sterling, given that jet fuel is priced in US$, and the continuing problems with the Boeing 787-9 fleet, much of which remains grounded due to problems with the Rolls-Royce engines.
Whilst we didn’t cover it on HfP, Rolls-Royce faced a new round of engine issues last week when Singapore Airlines grounded two Boeing 787-10 aircraft due to signs of engine turbine blade cracking. This implies that the issue is not unique to the Boeing 787-9 fleet.
Virgin Atlantic has warned that it does not expect to make financial progress in 2019 but that it should break even in 2020 and then return to profitability. The new A350-1000 aircraft are substantially cheaper to fly than the older aircraft they replace.
Here is a link to the 2018 Annual Report if you want to find out more.
One interesting fact – over 100,000 people have signed up to the new Virgin Atlantic credit cards in the first 12 months and over £1bn has been spent.
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How to earn Virgin Points from UK credit cards (April 2025)
As a reminder, there are various ways of earning Virgin Points from UK credit cards. Many cards also have generous sign-up bonuses.
You can choose from two official Virgin Atlantic credit cards (apply here, the Reward+ card has a bonus of 18,000 Virgin Points and the free card has a bonus of 3,000 Virgin Points):

Virgin Atlantic Reward+ Mastercard
18,000 bonus points and 1.5 points for every £1 you spend Read our full review

Virgin Atlantic Reward Mastercard
3,000 bonus points, no fee and 1 point for every £1 you spend Read our full review
You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.
American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points.
SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on the ‘free for a year’ American Express Preferred Rewards Gold card is increased from 20,000 Membership Rewards points to 30,000 points. Points convert 1:1 into Avios (30,000 Avios!) and many other programmes. Some people may see even higher personalised offers. Click here to apply.

American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express comes with 50,000 Membership Rewards points, which convert into 50,000 Virgin Points.
SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on American Express Platinum is increased from 50,000 Membership Rewards points to a huge 80,000 points. Points convert 1:1 into Avios (80,000 Avios!) and many other programmes. Some people may see even higher personalised offers. Click here to apply.

The Platinum Card from American Express
80,000 bonus points and great travel benefits – for a large fee Read our full review
Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.

American Express Business Platinum
50,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review

American Express Business Gold
20,000 points sign-up bonus and FREE for a year Read our full review
Click here to read our detailed summary of all UK credit cards which earn Virgin Points.
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