Virgin America released that it narrowed its fourth quarter operating loss to $8.1m (a 29% year-over-year improvement) and its fourth quarter margin to (2.9%) – an improvement of three points year-over-year. The airline’s full year operating loss was $27.4m on revenues of over $1bn. Top line growth remained strong with revenue gains significantly outpacing capacity growth. Year-over-year, revenue grew by 45% for the fourth quarter and 43% for the full year on a 29% increase in capacity. The airline ended 2011 with $160m in unrestricted cash.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada