Virgin America reports full year 2014 net earnings of US$84.4m

Virgin America reported fourth quarter 2014 operating income of US$34.2m and net income of US$28.1m, excluding special items. This represents the highest net income for a fourth quarter in Company history and the ninth consecutive quarter of year-over-year improvement in income, excluding special items. On a GAAP basis, operating and net income for the fourth quarter of 2014 and 2013 were US$10.1m and US$3.9m, respectively. 2014 full year net income of US$84.4m, excluding special items. Net income increased by US$74.2m over 2013 – a seven-fold increase, and was the highest in the Company’s history. Operating and net income on a GAAP basis for the full year 2014 were US$96.4m and US$60.1m, respectively.