Virgin America operating loss narrows in 2Q2012

Virgin America revenue up 29% - financial highlights:

• Three months ended 30-Jun-2012:
  • Operating revenue: USD347.3 million, +29% year-on-year;
  • Operating costs: USD351.4 million, +28%;
    • Fuel: USD141.3 million, +25%;
    • Aircraft rent: USD55.7 million, +33%;
    • Labour: USD44.3 million, +31%;
  • Operating profit (loss): (USD4.1 million), compared to a loss of USD6.0 million in p-c-p;
  • Net profit (loss): (USD31.8 million), compared to a loss of USD21.7 million in p-c-p;
  • Passenger traffic (RPMs): +27%;
  • Load factor: 80%, -3 ppts;
  • Revenue per ASM: -2%;
  • Cost per ASM excl fuel: -1.5%
• Six months ended 30-Jun-2012:
  • Operating revenue: USD614.4 million, +31%;
  • Operating costs: USD667.0 million, +32%;
    • Fuel: USD263.8 million, +34%;
    • Aircraft rent: USD108.2 million, +35%;
    • Labour: USD85.8 million, +29%;
  • Operating profit (loss): (USD52.7 million), compared to a loss of USD35.5 million in p-c-p;
  • Net profit (loss): (USD107.8 million), compared to a loss of USD66.3 million in p-c-p. [more - original PR]