Virgin America reports highest net profit in company history in 2015

Virgin America revenue up 5% - financial highlights:

• Three months ended 31-Dec-2015:
• • Total operating revenue: USd391.5 million, +5.2% year-on-year;
  • Total operating costs: USD371.1 million, +2.5%;
  • • Fuel: USD78.9 million, -33.4%;
    • Labour: USD75.2 million, +20.5%;
  • Operating profit: USD20.3 million, +101%;
  • Net profit: USD190.9 million, +4830%;
  • Passenger numbers: 1.9 million, +14.9%;
  • Average fare: USD186.98, -8.9%;
  • Load factor: 81.1%, -0.1 ppt;
  • Yield: USD 12.78 cents, -5.0%;
  • Passenger revenue per ASM: USD 10.36 cents, -5.1%;
  • Total revenue per ASM: USD 11.66 cents, -4.7%;
  • Cost per ASM: USD 11.05 cents, -7.1%;
  • Cost per ASM excl special items, fuel and profit sharing: USD7.49 cents, +4.6%;
• 12 months ended 31-Dec-2015:
• • Operating revenue: USD1530 million, +2.7%;
  • Total operating costs: USD1352 million, -3.0%;
  • • Fuel: USD347.7 million, -30.3%;
    • Labour: USD289.6 million, +21.8%;
  • Operating profit: USD177.2 million, +83.8%;
  • Net profit: USD340.5 million, +467%;
  • Passenger numbers: 7.0 million, +8.1%;
  • Load factor: 82.2%, -0.1 ppt;
  • Average fare: USD193.69, -5.5%;
  • Yield: USD 13.06 cents, -1.4%;
  • Passenger revenue per ASM: USD 10.74 cents, -1.5%;
  • Total revenue per AMS: USD 12.05 cents, -1.0%;
  • Cost per ASM: USD 10.66 cents, -6.3%;
  • Cost per ASM excl special items, fuel and profit sharing: USD 7.47 cents, +6.4%. [more - original PR]

Virgin America: "We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth and began growing the airline again. We are excited about our growth opportunities in 2016 as we take delivery of five new Airbus A320 aircraft and continue to enhance our ancillary product offering," David Cush, President and CEO. Source: Company statement, 18-Feb-2015.