Virgin America (VA) reported its financial results for the first quarter of 2015. First quarter 2015 net income was US$10.5m excluding special items, an increase of US$32.9m from the first quarter of 2014. Operating income and operating margin excluding special items were US$13.1m and 4.0%, respectively. On a GAAP basis, net income was US$12.8m. This represents the first time in its history that Virgin America has recorded a profit in the first quarter of the year, and the tenth consecutive quarter of year-over-year improvement in profitability. Operating income and operating margin on a GAAP basis were US$15.4m and 4.7%, respectively.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada