Virgin America (San Francisco) reported its financial results for the third quarter of 2015. Key highlights from the third quarter include:
- Third quarter 2015 net income was $73.0 million excluding special items1, an increase of $31.3 million from the third quarter of 2014. Operating income and operating margin excluding special items were $75.0 million and 18.2 percent, respectively.
- On a GAAP basis, net income was $71.9 million. Operating income and operating margin on a GAAP basis were $73.9 million and 18.0 percent, respectively.
- Fully diluted earnings per share excluding special items was $1.64. On a GAAP basis, fully diluted earnings per share was $1.61.
“Virgin America continued its strong financial performance in the third quarter with record earnings and margins,” said David Cush, Virgin America’s President and Chief Executive Officer. “We believe we are well-positioned to grow the airline while maintaining our low cost model, driving year-over-year industry unit revenue outperformance and improving ancillary revenue. We’re also investing in our product so that we can continue improving what is already the best, most consistent guest experience in the industry.”
Copyright Photo: Bruce Drum/AirlinersGallery.com. Airbus A320-214 N634VA (msn 3359) taxies to the runway at Seattle-Tacoma International Airport.