My Account Menu

CAPA Login

Register to trial CAPA Membership!

Virgin America: losses contract in 1Q09; steady growth of unit revenues and lower unit costs


Virgin America reported improved financial results and better-than-expected year-on-year growth in unit revenue in 1Q09, despite a challenging economic climate in the quarter. [991 words]

Unlock the following content in this report:


  • Load factor increase of 12 ppts in 1Q09; strongest ever load factors reported in Apr-2009 and May-2009
  • More conservative growth strategy planned for 2009
  • Cash balance slips to USD38 million; but enough to fund operations through to profitability
  • Remains optimistic about future, despite significant short term challenges

Graphs and data:

  • Virgin America financial highlights for three months ended 31-Mar-09
  • Virgin America operating margins: 4Q07 to 1Q09
  • Virgin America net losses: 4Q07 to 1Q09
  • Virgin America fleet: as at Jun-2009
  • Virgin America cash and cash equivalents (at beginning and end of the quarter): 3Q07 to 1Q09
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.