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Virgin America revenue up 38.3%

14-Dec-2009 1:27 PM

Virgin America revenue up 38.3% - financial highlights for the three months ended 30-Sep-2009:

  • Revenue: USD157.9 million, +38.3% year-on-year;
  • Operating costs: USD152.8 million, -9.3%;
  • Operating profit (loss): USD5.1 million, compared to a loss of USD54.3 million in the previous corresponding period;
  • Net profit (loss): (USD5.9 million), compared to a loss of USD59.1 million in the previous corresponding period;
  • Capacity (ASMs): +37.4%;
  • Load factor: 86.6%, +5.2 ppts;
  • Revenue per ASM: USD8.87 cents, +0.7%;
  • Operating cost per ASM: USD8.59 cents, -33.9%;
  • Cost per ASM ex fuel: USD5 .96 cents, -24.4%. [more]

Virgin America: “Despite an uncertain economic climate since our 2007 launch, we’re pleased to report steady and strong financial performance and our first quarterly operating profit,” David Cush, Virgin America President and CEO. Source: Virgin America, 11-Dec-2009.