Virgin America losses narrow in 1Q2014

Virgin America revenue up 4% - financial highlights for three months ended 31-Mar-2014:

• Total operating revenue: USD313.4 million, +4.0% year-on-year;
• • Passenger: USD276.2 million, +2.7%;
  • Others: USD37.2 million, +15.1%;
• Total operating costs: USD326.5 million, +3.2%;
• • Fuel: USD115.8 million, -0.7%;
  • Labour: USD53.8 million, +18.8%;
• Operating profit (loss): (USD13.1 million), compared to a loss of USD15.0 million in p-c-p;
• Net profit (loss): (USD22.4 million), compared to a loss of USD46.4 million in p-c-p;
• Passenger numbers: 1.5 million, +10.6%;
• Passenger load factor: 79.2%, +1.9 ppt;
• Average fare: USD186.73, -7.2%;
• Yield: USD 12.56 cents, -2.8%;
• Passenger revenue per ASM: USD 9.95 cents, -0.3%;
• Total revenue per ASM: USD 11.28 cents, +0.9%;
• Cost per ASM: USD 11.76 cents, +0.2%;
• Cost per ASM excl fuel: USD 7.59 cents, +2.4%;
• Average stage length: 1406 miles, -6.9%. [more - original PR]