Virgin Atlantic · Private (Virgin Group and Delta Air Lines) · FY2025
Virgin Atlantic Flying Club by the numbers
Virgin Atlantic had revenue of £3,370 million in 2025 and a loss before tax and exceptional items of £127 million, against a £20 million profit in 2024. The annual report presents Flying Club as a bright spot, with "Unlimited Availability" reward seats and the "High Five" tenure recognition launched during the year, but it does not publish the program's revenue, members or liability in its narrative.
Written and reviewed by the Points Plug team. Last reviewed .
What Virgin Atlantic reports
- Members
- Not disclosed
- The 2025 annual report's narrative gives no Flying Club member count; the financial notes were not readable for this page.
Card partners and deals
- Virgin Money issues the Virgin Atlantic credit cards in the UK; terms are not disclosed.
How the miles are accounted for
- Virgin Atlantic files accounts at Companies House and publishes an annual report, but Flying Club revenue and the deferred revenue for unredeemed points were not readable in the pages reviewed.
What it means
Flying Club matters more to Virgin Atlantic than its size suggests because Virgin Points are a transfer partner of every major US and UK bank currency. Bank-sold points are the same kind of cash-in-advance revenue that makes the larger programs profitable, and the 2025 move to unlimited reward availability is a way to keep that currency attractive while the airline itself loses money.
Virgin Atlantic is 51% owned by Virgin Group and 49% by Delta Air Lines, so there is no listed equity and no segment reporting. Delta's own filings do not break out its share.
What it means for your Virgin Atlantic Flying Club balance
A program that earns more from selling miles to banks than from flights has an incentive to keep issuing them, and the deferred revenue line is the airline's own estimate of what an average outstanding mile will cost it to honour. Compare that with published valuations and with what Points Plug pays to see where your balance stands.
Virgin Atlantic Flying Club finances: FAQ
- Does Virgin Atlantic report Flying Club revenue?
- Not in the annual report narrative; the notes to the accounts were not readable for this page.
- Is Virgin Atlantic profitable?
- No. It reported a £127 million loss before tax and exceptional items in 2025 on £3,370 million of revenue.
Sources
- Virgin Atlantic annual report 2025 · official page