At least 20 companies didn't turn a profit last year, including airline Virgin Express, Virgin Direct and V2, its record label.

FORBES: Red Baron

When the airline declined the invitation, Ornstein quit to take a job running entrepreneur Richard Branson's new low-fare Virgin Express airline.

FORBES: Second act

The growth of budget operators such as EasyJet, Go, Ryanair and Virgin Express has caused budget passenger numbers to grow 50% a year over the past three years.

ECONOMIST: Aviation: The problems stack up | The

Floated low-cost Virgin Express late last year.

FORBES: Europe

Chiltern Railways, First Great Western, London Midland, Scotrail, Stansted Express and Virgin Trains are all subject to cancellations and alterations.

BBC: Motorists rescued from heavy snow

Virgin Trains, Gatwick Express and Eurostar are all running a revised service.

BBC: England snow: Icy conditions cause disruption

Train operators including Virgin Trains and East Coast - which link London and Scotland - Arriva Trains Wales, Cross Country, First TransPennine Express, Northern and Scotrail were all reporting disruption.

BBC: Snow and ice leads to travel delays and school closures