Virgin America reports 4Q2009 and FY2009 financial results

Virgin America, the award-winning start-up airline, today reported its financial results for the fourth quarter and full year 2009. While driving growth against the backdrop of a contracting industry, the start-up airline made significant top line progress in its second full year of operations. For full year 2009, Virgin America reported a $48 million operating loss on revenues of $548 million — a $140 million (or 74 percent) year-over-year improvement over 2008. In 2009, the Company also reported its first quarterly operating profit in the third quarter.