Virgin America loses $3.3 million in the third quarter

Virgin America (San Francsico) reported a $16.2 million operating profit in the third quarter and a $3.3 million net loss.

The airline’s yield per passenger mile was 12.3 cents , up 10 percent compared to the third quarter of 2010.

The airline reported an 84.2 percent load factor in the third quarter, on a 32 percent increase in scheduled service capacity over the year earlier quarter – compared to an industry average capacity which remained flat.

RASM increased nine percent over the third quarter of 2010.

Virgin America’s average fare increased five percent over the prior year.

Operating expense per available seat mile excluding fuel (ex-fuel CASM) increased by two percent versus third quarter 2010, primarily as a result of investment in the Company’s growth (training, people and aircraft in modification).

The airline ended the quarter with $24 million in unrestricted cash and $42 million in total liquidity. This excludes the latest debt facility, which closed in December 2011.

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