Virgin America reports 2009 first quarter financial results

Virgin America reported a $31.6 million operating loss on revenues of $101 million, a 38% improvement year over year. Revenue in 1Q09 was up by 91% versus 1Q08. Virgin America’s unit revenue in the first quarter of 2009 was up by 13.2% versus the first quarter of 2008. The airline ended 1Q09 with $38 million in unrestricted cash and $63 million in total liquidity, with full funding for its operation through its projected profitability date.