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23-Apr-2010 2:51 PM

Virgin America revenue up 28.9%, losses halved in 4Q2009

Virgin America revenue up 28.9% - financial/traffic highlights:

  • Three months ended 31-Dec-2009:
    • Revenue: USD153.0 million, +28.9% year-on-year;
    • Operating costs: USD163.2 million, +16.9%;
    • Operating profit (loss): (USD10.2 million), compared with a loss of USD20.9 million in the previous corresponding period;
    • Net profit (loss): (USD18.8 million), compared with a loss of USD34.2 million in the previous corresponding period;
    • Capacity (ASMs): +41.9%;
    • Load factor: 84.3%, +3.1 ppts;
    • Total revenue per ASM: USD 8.81 cents, -9.2%;
    • Operating cost per ASM: USD 9.40 cents, -17.6%;
    • Cost per ASM excl fuel: USD 6.55 cents, -23.5%;
  • 12 months ended 31-Dec-2009:
    • Revenue: USD547.6 million, +44.8%;
    • Operating costs: USD595.7 million, +5.2%;
    • Operating profit (loss): (USD48.1 million), compared with a loss of USD188.1 million in the previous corresponding period;
    • Net profit (loss): (USD80.8 million), compared with a loss of USD209.6 million in the previous corresponding period;
    • Capacity (ASMs): +48.7%;
    • Load factor: 82.8%, +6.2 ppts;
    • Total revenue per ASM: USD 8.18 cents, -2.7%;
    • Operating cost per ASM: USD 8.90 cents, -29.3%;
    • Cost per ASM excl fuel: USD 6.51 cents, -21.3%. [more]

Virgin America: "With solid financial progress, excellent operational performance and a unique service that is continuing to hit the mark with consumers - we're optimistic about the improving revenue environment and look forward to expanding to five new destinations in 2010," David Cush, President & CEO. Source: Virgin America, 22-Apr-2010.

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