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Home > Company Index > Transportation > Airlines > Virgin Express Holdings plc

Virgin Express Holdings plc
Nasdaq: VIRGY
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 NEWS FROM THE STANDARD
BMG, EMI Call Off Merger
May 01 2001 08:01 AM PDT

 PROFILE
Intra-European routes aren't virgin territory for this company. Virgin Express Holdings offers low-fare, no-frills service in continental Europe with a fleet of more than 20 Boeing 737s. From its Brussels hub the carrier flies more than 4 million passengers a year to Berlin; Barcelona and Madrid, Spain; Copenhagen; London; Milan and Rome; and Nice, France. Virgin Express flies to London under a code-sharing pact with Sabena. The airline is downsizing its charter flights in order to focus on its more profitable scheduled services, and it wants to sell its Virgin Express (Ireland) subsidiary, which offers direct flights between London and Shannon, Ireland. Sir Richard Branson's Virgin Group owns 51% of the company.

 COMPETITION
Société Air France (dossier)
British Airways Plc (BAB)
Ryanair Holdings plc (RYAAY)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 272.90
1-Yr. Sales Growth: (6.9)%
Employees: 700
Revenue per employee: $389,857.14

 KEY PEOPLE
• John Osborne
    CEO
• Laurent Jossart
    CFO

 CONTACT INFO
Brussles Airport, Bldg. 116
B-1820 Melsbroek, Belgium
Phone: 32-2-752-05-11
Fax: 32-2-752-05-06
Online: Web Site

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