Sorry Alaska, Virgin America IS American

As much as Alaska Airlines did not want to hear it, the Department of Transportation ruled on Friday that Virgin America remains a US citizen and is under the active control of US citizens. The ruling re-affirms its 2007 certification when the carrier first applied to begin service. [1926 words]

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This report contains the following subheadings:

• Agrees to seek new capital infusion from US-based entities
• VAI Partners holds 75%; Virgin Group the remaining 25%
• “LCCs seen as the best quality carriers” in the US: Virgin America CEO
• Reports first operating profit in 3Q2009; expects annual profit in 2010
• Significant top line progress
• “Record” load factors
• But cash levels shrink
• Sets sights for more growth
• To add six to eight aircraft in 2010
• A higher degree of certainty now exists for Virgin America

This report contains the following charts and tables:

• Virgin America financial highlights for three months ended 30-Sep-2009
• Virgin America operating margins: 4Q2007 to 3Q2009
• Virgin America revenue growth and cost growth: 4Q07 to 3Q09
• Virgin America revenue per ASM and cost per ASM: 4Q07 to 3Q09
• Virgin America ASM growth and passenger load factor: 4Q07 to 3Q09
• Virgin America fleet: Jan-2010