22-Dec-2011 12:15 PM
Virgin America reports USD16m operating profit in 3Q2011
Virgin America revenue up 44% - financial highlights for three months ended 30-Sep-2011:
- Operating revenue: USD290.6 million, +43.8% year-on-year;
- Operating costs: USD274.4 million, +51.5%;
- Fuel: USD110.1 million, +86.1%;
- Aircraft lease: USD42.4 million, +40.7%;
- Labour: USD35.3 million, +30.6%;
- Operating profit: USD16.2 million, -22.8%;
- Net profit (loss): (USD3.3 million), compared to a profit of USD7.5 million in p-c-p;
- Passenger numbers: 1.4 million, +38.1%;
- Load factor: 84.2%, -0.1 ppt;
- Average fares: USD194.68, +5.1%;
- Yield per RPM: USD 12.30 cents, +9.8%;
- Total revenue per ASM: USD 11.28 cents, +8.8%;
- Passenger revenue per ASM: USD 10.36 cents, +9.7%;
- Cost per ASM: USD 10.65 cents, +14.6%;
- Cost per ASM excl fuel: USD 6.38 cents, +2.1%;
- Average stage length: 1566 miles, -1.6%. [more - original PR]
Virgin America: "We're pleased to announce this additional USD150 million debt offering, which demonstrates confidence in our outlook and business model. This increase in liquidity supports our long-term vision and growth plans for Virgin America. In addition, we have fully funded our aircraft capital requirements through the third quarter of 2013," David Cush, president and CEO. Source: Virgin America, 21-Dec-2011.