Virgin America narrows Q1 losses

23 June 2014

Virgin America said that in the first quarter of 2014, it significantly narrowed its net loss from the same period in 2013 with a 51.8 percent year-over-year improvement.

Total operating revenue was USD313.4m, an increase of 4.0 percent over the first quarter of 2013, while revenue per available seat mile increased 0.9 percent, to USD0.1128. Year-over-year RASM growth was impacted by the Easter and Passover travel peaks shifting to April in 2014 (in 2013, these holidays fell earlier in the year), as well as a more than four-fold increase in the percentage of cancelled flights from the year earlier period due to severe winter weather in 2014.

Headquartered in California´s Silicon Valley, Virgin America has built a loyal following of flyers and earned a host of awards since launching in 2007. The airline´s base of operations is San Francisco International Airport (SFO)´s Terminal 2. For more: www.virginamerica.com

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