Virgin America reports Fourth Quarter and Full Year 2014 Earnings

Virgin America has posted fourth quarter 2014 operating income of $34.2 million and net income of $28.1 million, excluding special items. This represents the highest net income for a fourth quarter in the company’s 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 $10.1 million and $3.9 million, respectively. The airline’s 2014 full year net income was $84.4 million, excluding special items. Full year net income increased by $74.2 million over 2013 – a seven-fold increase, the highest