Virgin America reports second quarter 2013 financial results

Virgin America reported its financial results for the second quarter of 2013 with operating income of $27.9m and net income of $8.8m (compared to a year-ago loss of $31.8m, an improvement of more than $40m), on total revenue of $376m for the three months ending June 30. The airline posted an 8.6 point improvement in operating margin for the second quarter, driven largely by a 7.8% growth in revenue per available seat mile (“RASM”) over the year-earlier period.