Virgin Atlantic Airways was founded as a high-quality, value for the money airline that people love to travel and where employees love to work. The airline was established in 1984 as British Atlantic Airways. The airline along with Virgin Holidays is controlled by a holding company, Virgin Atlantic Limited, which is 51% owned by the Virgin Group and 49% by Delta Air Lines. It is administratively separate from other Virgin-branded airlines. In 2012, Virgin Atlantic carried 5.4 million passengers, making it the seventh-largest UK airline in terms of passenger volume. In the year to 31 December 2013, it reported a £51 million group pre-tax loss (approximately US$87 million).