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