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Thread: Virgin America Shows a Profit


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    Default Virgin America Shows a Profit

    Virgin America yesterday reported its financial results for the third quarter of 2013 with operating income of $44.4 million and net income of $33.5 million on total revenue of $387.3 million. The airline posted an operating margin of 11.5 percent – a 7.2 point improvement for the third quarter, driven largely by a 9.4 percent growth in revenue per available seat mile (“RASM”) over the year-earlier period. Third Quarter 2013 Financial Highlights

    • Virgin America reported $33.5 million in net income compared to a year-ago loss of $12.6 million, an improvement of $46 million.
    • The Company significantly outpaced all U.S. carriers with year-over-year RASM growth of 9.4 percent on a 3.9 percent decrease in capacity. Virgin America has now led the industry in RASM growth every month since October 2012.
    • Load factor increased by 0.9 points and yield increased by 7.4 percent year-over-year.
    • Operating revenue was $387.3 million, an increase of 5.2 percent from the third quarter of 2012.
    Last edited by ddagencylv; 13-Nov-2013 at 06:32 AM.


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