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Virgin America reports heavy losses, as expected, in first four quarters of operation


Virgin America, which commenced operations in Aug-07, released (02-Feb-09) its first set of financial results, covering past financial data for 4Q07 (the carrier’s first full operating quarter) and the first three quarters of 2008. [1801 words]

Unlock the following content in this report:


  • Reports steadily growing unit revenue and respectable load factors despite fuel costs and challenging economy
  • Premium bookings holding up
  • Loses appeal to keep data confidential
  • Profitable quarters expected in 2009; break-even target back to 2010 timeframe
  • Seeking new investors; concerned US investors may recall investment in the carrier
  • To launch service to ninth city: Orange County

Graphs and data:

  • Virgin America quarterly net loss: 3Q07 to 3Q08
  • Virgin America recently-introduced fare and premium economy products
  • Virgin America fleet: as at Feb-09
  • Virgin America cash and cash equivalents (at beginning and end of the quarter): 3Q07 to 3Q08
  • Virgin America destination map: Feb-09
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