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Virgin America reports first quarterly net profit in 3Q2010

10-Nov-2010 12:40 PM

Virgin America revenue jump 28% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue: USD202.1 million, +28.0% year-on-year;
  • Operating costs: USD181.1 million, +18.5%;
    • Fuel: USD59.2 million, +26.9%;
    • Aircraft rents: USD30.1 million, +14.9%;
    • Labour: USD27.1 million, +15.8%;
  • Operating profit: USD21.0 million, +314.4%;
  • Net profit: USD7.5 million, compared with a loss of USD5.9 million in p-c-p;
  • Passenger numbers: 992,194, -3.6%;
  • Load factor: 84.3%, -2.3 ppts;
  • Average fare: USD185.30, +33.1%;
  • Yield: USD 11.20 cents, +19.7%;
  • Total revenue per ASM: USD 10.37 cents, +16.9%;
  • Passenger revenue per ASM: USD 9.44 cents, +16.4%;
  • Cost per ASM: USD9.29 cents, +8.1%;
  • Cost per ASM excl fuel: USD 6.25 cents, +4.7%;
  • Average sector length: 1,592 miles, +13.1%;
  • Aircraft utilisation: 12.9 hours per day: +7.5%. [more]

Virgin America: “We’re continuing to see strong revenue performance into the fourth quarter and with continued industry capacity discipline, we’re encouraged by the outlook. We look forward to expanding our growing network to Dallas-Fort Worth, Los Cabos and Cancun in the months ahead,” David Cush, President and CEO. Source: Virgin America, 09-Nov-2010.