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		</div><p>Virgin Atlantic has posted its second consecutive year in the red as the airline was hit by the Brexit-hit pound, economic uncertainty and engine woes.</p>
<p>The carrier &#8211; founded by Sir Richard Branson &#8211; posted a statutory loss of £38.9m (€45m) in the year to December 31, which compares to £65.5m (€76m) in 2017.</p>
<p>Stripping out exceptional items, the firm posted a £26.1m (€30m) loss.</p>
<p>Its performance was dragged down by &#8220;softer consumer demand&#8221; linked to economic uncertainty and the weakness of the pound versus the dollar following the Brexit vote, which has knocked demand from UK travellers.</p>
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<p>As well as sterling woes, the group was impacted further by faults with Rolls-Royce Trent 1000 engine parts, which led to some of its Boeing 787 Dreamliners being grounded.</p>
<p>The issue has impacted upon a raft of airlines, including British Airways.</p>
<p>Chief executive Shai Weiss said: &#8220;While a loss is disappointing, our performance has improved in 2018 despite challenging economic conditions and put us on a trajectory for growth and return to profitability.</p>
<p>&#8220;And, the acquisition of Flybe will secure the future of Europe&#8217;s largest regional airline, extending the Virgin Atlantic experience and delivering more choice for customers connecting from the UK and Europe on to our long haul network.&#8221;</p>
<p>As part of the Connect Airways consortium, Virgin recently bought Flybe.</p>
<p>Total revenue at Virgin increased by 5.8% to £2.8bn (€3.2bn) in the period, which included Virgin&#8217;s first positive passenger unit growth since 2014 at 1.7%.</p>
<p>The firm booked a 4.8% growth in passenger numbers to 5.4 million.</p>
<p>Virgin Atlantic is 49% owned by Delta, 20% by Sir Richard&#8217;s Virgin Group with Air France-KLM holding 30%.</p>
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