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Many British customers fly to Lax Airport from the UK using Virgin Atlantic. Contrary to what is happening with many other airlines around the world Virgin Atlantic has an announced an increased turnover for the year ending on the 28th of February.

The airline announced profits of sixty eight and a half million pounds which came close to twice as much as was earned the previous year. An increase in first class passengers has been partially attributed to the rise by Virgin officials.

British Airways recently announced a yearly loss of just over four hundred million pounds with a drop in the number of 1st class passengers being cited as well as the rising cost of fuel.

Speaking on behalf of Virgin Steve Ridgway spoke of Virgin winning over their competitor’s market shares. He pointed to the airlines policy of stocking up on fuel when it was much cheaper. However Ridgway admitted that the coming year will be a tough time for the airline with cost cutting necessary in various areas.

Airlines stocks rose last month after reports showed higher traffic numbers for Airlines in April. While boarding numbers were down the report showed the number of seats filled per plane (load factor) to have increased by one percent.

The changes have been attributed to the reductions made in airfares by many companies over the last month. Airlines such as Delta, US Airways and Continental cancelled many flights to Mexico due to swine flu.

Flights to Mexico account for around two percent of airline usage in the US. This situation is not expected to get any worse so further damage is unlikely. Bob McAdoo of Avondale Partners speculated that numbers increased due to Easter taking place in April this year.