Founder Sir Richard Branson, 62, and new chief executive Craig Kreeger, 53, launched Virgin Atlantic’s latest service, a UK domestic airline, in April. Little Red connects the airline’s Heathrow hub with Manchester, Edinburgh and Aberdeen. Kreeger joined from American Airlines in February to lead a turnaround of the loss-making airline, whose sales grew 5% to £2.9bn in 2013. Delta Air Lines is currently buying Singapore Airlines’ 49% stake in Virgin, and the deal is expected to be completed before the end of this year.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2013
Rank12
CompanyVirgin Atlantic
ActivityAirline and tour operator
LocationCrawley
Sales £m2,874
Profit £m-35
Year endFeb 13
Principal shareholdersVirgin Group (51%), Delta Air Lines (49%)
Staff9,666
Founded1984
Websitewww.virginatlantic.com

If applicable:

* Supplied by company † Annualised figure