Virgin Atlantic Appoints Richard McCord as CFO to Drive...

Strategic Leadership Shift at Virgin Atlantic

Virgin Atlantic has named Richard McCord as its new Chief Financial Officer (CFO). McCord is scheduled to officially join the airline’s Executive Leadership Team and wider business operations on October 5, 2026.

This appointment signals a concentrated effort by the carrier to fortify its financial foundations. The airline is currently balancing a dual strategy: maintaining aggressive investment in its premium customer experience while ensuring long-term profitability and sustainable growth.

In his new capacity, McCord will hold a seat on the Virgin Atlantic Board. His mandate covers a broad portfolio of critical business functions, including:

Finance and Treasury
Procurement and Fleet Management
Insurance and Internal Audit

A Track Record of Aviation Recovery

McCord transitions to Virgin Atlantic from London Luton Airport, where he has served as CFO since 2021. His tenure at Luton was defined by navigating the financial volatility following the Covid-19 pandemic.

While at Luton, McCord focused on enhancing commercial performance and leading high-stakes negotiations to expand airport capacity. His ability to improve profitability during a period of systemic industry instability makes him a strategic fit for Virgin Atlantic's current trajectory.

Beyond aviation, McCord’s professional background includes:

Centrica plc: Over a decade with the FTSE 100 energy group, including a role as CFO of the Business Division.
PwC: Early career experience in the Transaction Services division, rising to the rank of Director with a focus on corporate transactions and financial advisory.

Internal Promotions and Executive Transition

The appointment marks the end of a successful interim period led by Ansar Hussain, who stepped into the CFO role on January 1. CEO Corneel Koster credited Hussain with guiding the airline through a "highly turbulent period" in international aviation and improving overall financial returns.

As part of the leadership transition, Ansar Hussain will be promoted to Senior Vice President within the Finance function.

Executive Perspectives on Growth

CEO Corneel Koster emphasized that McCord’s diverse leadership experience will be vital as the airline seeks to deliver consistent value to stakeholders.

McCord stated that his primary objective will be to drive profitable growth without compromising the unique brand identity that defines Virgin Atlantic, aiming to position the carrier as the most loved travel company in the sector.

Leadership Transition Summary

Executive	New Role	Effective Date	Previous/Interim Role
Richard McCord	Chief Financial Officer	October 5, 2026	CFO, London Luton Airport
Ansar Hussain	Senior Vice President, Finance	September 2026	Interim CFO (since Jan 1)

Key Takeaways

Strategic Focus: Virgin Atlantic is prioritizing financial resilience and premium service investments.
Industry Expertise: Richard McCord brings specific experience in post-pandemic aviation recovery from London Luton Airport.
Broad Oversight: The CFO role will integrate fleet management and procurement alongside traditional finance.
Stability: The promotion of Ansar Hussain ensures continuity within the finance department.

FAQ

When does Richard McCord officially start as CFO? He joins the Executive Leadership Team and the business on October 5, 2026.

What are the primary goals for the new CFO? McCord is tasked with supporting sustainable expansion, improving financial resilience, and overseeing the long-term strategic direction of the airline.

What is happening to the interim CFO, Ansar Hussain? Ansar Hussain is being promoted to Senior Vice President within the Finance function after serving as Interim CFO since January 1.