Virgin Atlantic

“Virgin Atlantic, which has said it could cut up to 1,200 jobs because of the recession, awarded its senior managers a 40 per cent pay increase last year.”

“Virgin Atlantic, controlled by Richard Branson’s Virgin Group, saw its pre-tax profit almost double to £68.4m in the year ending February”

“In the previous year, pre-tax profits at the airline were £34.8m.”

“Virgin Atlantic sales rose 8.4 per cent during the year to the end of February to £2.6bn, compared to £2.4bn in the previous year.”

“Virgin Atlantic, which has said it could cut up to 1,200 jobs because of the recession”

“awarded its senior managers a 40 per cent pay increase last year.”