Copyright Photo: Alaska Airlines Airbus A320-214 N855VA (msn 5179) (Giants) LAX (Michael B. Ing). Image: 955416.
Tag Archives: Giants
Virgin America reports 3Q net income of $41.6 million, expects to raise around $320 million from its pending IPO
Virgin America (San Francisco) reported its financial results for the third quarter of 2014 with an operating income of $52.3 million and net income of $41.6 million. The airline posted an operating margin of 12.9 percent โ a 1.4 point improvement over the third quarter of 2013, driven largely by a 5.5 percent growth in revenue per available seat mile (RASM) over the prior year period.
Third Quarter 2014 Financial Highlights:
Operating Revenue: Total operating revenue of $405.5 million, an increase of 4.7 percent over the third quarter of 2013.
Revenue per Available Seat Mile (RASM): RASM increased 5.5 percent compared to the third quarter of 2013, to 12.60 cents. Year-over-year RASM growth was driven by a 0.6 percent increase in yield and a 3.0 point increase in load factor. The RASM performance continues the trend of strong RASM growth for the airline, which reported 9 percent RASM growth year-over-year for its Full Year 2013 results.
Cost per Available Seat Mile (CASM): Total CASM increased 3.8 percent compared to the third quarter of 2013, to 10.98 cents. CASM excluding fuel costs for the quarter increased 5.5 percent year-over-year, to 6.84 cents, primarily due to a provision for teammate profit sharing. CASM, excluding both fuel and profit-sharing costs, increased 2.0 percent, to 6.61 cents.
Operating Income: Third quarter of 2014 operating income increased by 17.9 percent over the third quarter of 2013 to $52.3 million with an operating margin improvement of 1.4 points year-over-year.
Net Income: Net income for the quarter increased 24.2 percent year-over-year, from $33.5 million to $41.6 million. Virgin Americaโs year-to-date net income improved by $60.2 million from a net loss of $4.0 million for the nine months ended September 30, 2013, to net income of $56.2 million for the nine months ended September 30, 2014.
Capacity: Available seat miles (ASMs) for the third quarter of 2014 decreased 0.8 percent year-over-year. The airline ended the quarter with 53 Airbus A320-family aircraft.
Liquidity: Unrestricted cash was $184.5 million as of September 30, 2014.
Analysis by Bloomberg Businessweek and its pending IPO: CLICK HERE
Copyright Photo: Brian McDonough/AirlinersGallery.com. Airbus A320-214 N849VA (msn 4991) with the special champion “Giants-Fly Together” logo arrives in Washington.
Virgin America:ย 
Virgin America to go public, 2014 Giants logo jet is unveiled with photos of dedicated fans!
Virgin America Inc. (San Francisco) today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering (IPO) of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Barclays and Deutsche Bank Securities are acting as joint book-running managers and as representatives of the underwriters for the proposed offering.
A registration statement relating to the offering of Virgin America’s securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Read the analysis by Bloomberg Businessweek: CLICK HERE
Top Copyright Photo: Mark Durbin/AirlinersGallery.com. As we reported in June, Virgin America announced a new contest for dedicated San Francisco Giants baseball fans to be pictured on an Airbus A320. Airbus A320-214 N849VA (msn 4991) has now been unveiled in its latest 2014 version which features the words “Fly Together” which is actually composed of small pictures of SF Giants fans who won the contest!
Virgin America announced a new contest for photos of N849VA on their blog:
Hey there plane spotters! Do you have a knack for picking livery out of the clear blue sky? Well then, weโve got the contest for you. Upload an original photo of our FLY TOGETHER San Francisco Giants plane, featuring the game faces of the most die-hard Giants fans, to Instagram or Twitter using the #FLYTOGETHER hashtag between July 28 โ September 23, 2014 for a chance to throw the first pitch at AT&T Park on Virgin America Day and more.
The first round (July 28 โ August 12, 2014) winner scores:
The opportunity to throw the first pitch on Virgin America Day at the San Francisco Giants vs. Philadelphia Phillies game August 16, 2014 at AT&T Park
Two tickets to the game
Two roundtrip tickets to any one of our 20 domestic destinations
The second round (August 13 โ September 23, 2014) winner will walk away with:
Two roundtrip tickets to any one of our 20 domestic destinations..
Click here for official rules. Void where prohibited. No purchase necessary to win.
Keep your eyes on the sky and get busy plane spotting! If youโre unsure how to get started hereโs Sergio Romo showing you how itโs done.
Virgin America:ย 
Virgin America hosts “First Pitch” at San Francisco Giants home game at 35,000 feet
Virgin America (San Francisco) knows how to get attention with its unusual and wacky promotions. Here is the latest announcement:
“Virgin America, the only airline headquartered in San Francisco and the Official Airline of the San Francisco Giants, today is inviting baseball fans to help do good and compete for the chance to throw out the first-ever baseball pitch live broadcast from onboard a Virgin America commercial flight at 35,000 feet โ to open the San Francisco Giants’ home game against the Colorado Rockies on August 11, 2012.ย The first pitch will be thrown down the aisle of Virgin America commercial flight 753 as it enters Bay Area air space en route from Seattle Tacoma International Airport (SEA) to San Francisco International Airport (SFO).ย The first pitch will be captured live on video by AEG Digital Media and transmitted air-to-ground via the airline’s Gogoยฎ in-flight WiFi to AT&T Park, where more than 40,000 San Francisco Giants fans will be watching.
Super fans can win a chance to throw the first-ever mile high pitch today by entering into a contest* hosted by Virgin America, the San Francisco Giants and Major League baseball. ย All entrants will automatically score a 20 percent off discount** on fall travel on Virgin America โ and help give back.ย For every entry into the competition, Virgin America will donate five dollars to help raise awareness and funds for cancer research via the Stand Up To Cancer initiative.ย The lucky super fan will join Giants mascot “Lou Seal” in-flight and get to create their own cheering section in the sky:ย by inviting five friends onboard to help him or her “make it over the plate” (which in this case, is Virgin America’s Main Cabin Select Row Three).”
To enter and for official rules, see: ย www.sfgiants.com/virginsweeps.
Top Copyright Photo: Virgin America.
Virgin America:ย 
Bottom Copyright Photo: Mark Durbin.ย Airbus A320-214 N849VA (msn 4991) is named “Fly Bye Baby,” and was painted in honor of the Giants. N849VA was introduced on March 29, 2012.
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