Is Virgin Airlines going under?

VIRGIN ATLANTIC The airline filed for bankruptcy protection in August 2020 hurt by the pandemic before emerging from the proceedings a year later.



As of early 2026, Virgin Atlantic and Virgin Australia are both in a stable position and are not "going under." After the turbulence of the early 2020s, Virgin Atlantic returned to profitability in late 2024 and has been expanding its fleet with new Airbus A330neo aircraft and Starlink Wi-Fi. In Australia, Virgin Australia has successfully emerged from its restructuring and was recently crowned one of the country's most reliable airlines for 2025. While the "Virgin" brand has seen various regional shifts—including the disappearance of Virgin America years ago—the current core carriers are focusing on premium leisure travel and loyalty partnerships with Delta and Air France-KLM. There is no current financial data or news indicating a risk of insolvency for these major branches; in fact, they are actively launching new routes, such as Virgin Atlantic's 2026 expansion into Seoul.

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Richard Branson is Founder of the Virgin Group. Virgin is one of the world's most irresistible brands and has expanded into many diverse sectors from travel to telecommunications, health to banking and music to leisure. Having started Virgin as a mail order record retailer in 1970, Richard founded Virgin Records.

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The airline filed for bankruptcy protection in August 2020 hurt by the pandemic before emerging from the proceedings a year later.

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Passenger reviews on Virgin Atlantic (VS) This airline is rated amount the Top 10 carriers on Flight-Report. Frequent travelers give the airline an average rating of 8.3/10. This is slightly above the general average . Over the last 12 months the rating has been trending upwards.

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Virgin's 2022 results, published on Wednesday, showed the transatlantic-focused airline's recovery from COVID-19, which it only narrowly survived. Revenues recovered to 98% of 2019 levels and it reported a pretax loss before exceptional items of 206 million pounds ($259.99 million).

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Therefore, Virgin Atlantic can be proud to rank 12th among the world's safest airlines. Virgin Atlantic was founded in 1984 by Sir Richard Branson. The airline operates a mixed fleet of 37 Boeing and Airbus wide-body aircraft.

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Virgin Atlantic is Certified as a 4-Star Airline for the quality of its airport and onboard product and staff service. Product rating includes seats, amenities, food & beverages, IFE, cleanliness etc, and service rating is for both cabin staff and ground staff.

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