Tag Archives: 3359

Virgin America reports 3Q GAAP net income of $71.9 million

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.

Virgin America aircraft slide show:

Virgin America to expand its schedule from Dallas Love Field on April 29, 2015

Virgin America (San Francisco) has announces that it will expand its schedule out of Dallas Love Field (DAL) to include four daily nonstop round trips to Washington Reagan National Airport (DCA), San Francisco International Airport (SFO) and Los Angeles International Airport (LAX) by adding one new daily nonstop in each of these markets as of April 29, 2015. This expansion is in addition to the four daily nonstop round trip flights to New York’s LaGuardia Airport (LGA) that will begin on October 28, 2014 and the three daily nonstop roundtrip flights to Washington D.C., San Francisco and Los Angeles that begin on October 13, 2014. The new flights will take Virgin America to sixteen departures per day from Love Field. The airline will be the only carrier at Love Field to offer three classes of service (including a First Class cabin and a Main Cabin Select premium economy service) as well as WiFi, in-seat power outlets, confirmed seating and touch-screen seatback entertainment to every guest.

The airline also announced that it will extend its popular second daily roundtrip flight between San Francisco and Austin Bergstrom International Airport (AUS) that it started in July 2014 as part of the airline’s core schedule.

Beginning April 29, 2015, Virgin America’s flight schedule from Dallas Love Field is as follows (frequencies announced today indicated in bold):

Virgin America’s current network of destinations includes Austin, Boston, Cancun, Chicago, Dallas-Fort Worth (ends October 13, 2014), Fort Lauderdale, Las Vegas, Los Angeles, Los Cabos, Newark, New York (JFK), Orlando, Palm Springs (seasonal), Philadelphia (suspends October 6, 2014), Portland, Puerto Vallarta, San Diego, San Francisco, Seattle and Washington D.C. (IAD and DCA). Later this fall, the carrier will launch service from Dallas Love Field (October 13, 2014) and New York’s LaGuardia Airport (October 28, 2014).

Virgin America: