Virgin America reported its financial results for the third quarter of 2014 with an operating income of $52.3m and net income of $41.6m. The airline posted an operating margin of 12.9% – a 1.4 point improvement over the third quarter of 2013, driven largely by a 5.5% growth in revenue per available seat mile (RASM) over the prior year period. Net income for the quarter increased 24.2% year-over-year, from $33.5m to $41.6m. Virgin America’s year-to-date net income improved by $60.2m from a net loss of $4.0 million for the nine months ended September 30th, 2013, to net income of $56.2m for the nine months ended September 30th, 2014. Unrestricted cash was $184.5m as of September 30th, 2014.
Learn more on how AviTrader can expand your market
Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada