Virgin America reported its financial results for the first quarter of 2014. The airline significantly narrowed its net loss from the same period in 2013 with a 51.8% year-over-year improvement. Virgin America reported total operating revenue of $313.4m, an increase of 4.0% over the first quarter of 2013. First quarter 2014 operating loss of $13.1m was a $1.9m improvement over Virgin America’s operating loss in the year prior. Operating margin improved by 0.8% year-over-year. Virgin America reported a net loss of $22.4m for the quarter, compared to a net loss a year ago of $46.4m, resulting in a $24.0m year-over-year improvement. Unrestricted cash was $132.9m as of March 31st, 2014, an increase of $74.8m since March 31st, 2013.