
Virgin America reports first operating profit in 3Q2009; expects annual profit in 2010
15th December, 2009
Virgin America continues to report significantly improved financial results in the three months ended Sep-2009 (3Q2009), with the carrier reporting its first quarterly operating profit, a double-digit year-over-year revenue improvement, record load factors and improved unit costs in the quarter. [1693 words]
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This report contains the following subheadings:
- Notable operating profit turnaround; improved net loss in 3Q2009
- Significant top line progress
- “Record” load factors
- But cash levels shrink
- Fort Lauderdale becomes the carrier’s 10th city
- Sets sights for more growth
- To add six to eight aircraft in 2010
- An end in sight for the carrier’s ownership debacle? Ownership structure expected to be approved by year-end
- Codeshare agreement with South African Airways
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 destination map: Dec-2009
- Virgin America fleet: as at Dec-2009
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