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14-May-2013 3:38 PM

Virgin America operating loss improves in 1Q2013 despite widening losses in 2012

Virgin America revenue up up 13% - financial highlights:

  • Three months ended 31-Mar-2013:
    • Operating revenue: USD301.3 million, +12.8% year-on-year;
    • Operating costs: USD316.3 million, +0.2%;
      • Fuel: USD116.6 million, -4.8%;
      • Aircraft rent: USD56.5 million, +7.7%;
    • Operating profit (loss): (USD15.0 million), compared to a loss of USD48.6 million in p-c-p;
    • Net profit (loss): (USD46.4 million), compared to a loss of USD76.0 million in p-c-p;
    • Passenger numbers: 1.3 million, -6.4%;
    • Load factor: 77.3%, -3.3 ppts;
    • Average fare: USD201.18, +19.2%;
    • Yield: USD 12.92 cents, +21.4%;
    • Total revenue per ASM: USD 11.18 cents, +17.7%;
    • Cost per ASM: USD 11.74 cents, +4.6%;
    • Cost per ASM excl fuel: USD 7.41 cents, +7.9%;
  • 12 months ended 31-Dec-2012:
    • Operating revenue: USD1333 million, +28.5%;
    • Operating costs: USD1365 million, +28.2%;
      • Fuel: USD537.5 million, +28.6%;
      • Aircraft rent: USD221.3 million, +30.5%;
    • Operating profit (loss): (USD31.7 million), compared to a loss of USD27.4 million in p-c-p;
    • Net profit (loss): (USD145.4 million), compared to a loss of USD100.4 million in p-c-p;
    • Passenger numbers: 6.2 million, +23.6%;
    • Load factor: 79.0%, -2.5 ppts;
    • Average fare: USD195.38, +3.3%;
    • Yield: USD 12.26 cents, +3.6%;
    • Total revenue per ASM: USD 10.62 cents, +1.0%;
    • Cost per ASM: USD 10.88 cents, +0.7%;
    • Cost per ASM excl fuel: USD6.59 cents, +0.5%. [more - original PR]

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