Virgin America reported its financial results for the second quarter of 2012. Total operating revenue for the second quarter grew by 29% to $347m on a capacity increase of 32%. The Company narrowed its operating loss to $4m for the second quarter, and improved earnings before interest, depreciation and amortization, and aircraft rental expense (EBITDAR) by 44%, to a record high of $54m. EBITDAR margin for the second quarter rose to 16%, a 1.7 point year-over-year improvement. Year-to-date Virgin America reported total revenue of $614m, a 31% increase year-over-year. Operating loss for the six months ended June 30, 2012, was $53m. Year-to-date the Company has achieved EBITDAR of $61m, an improvement of 23% over the first six months of 2011.
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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