Virgin America has reported a net loss of $12.6 million during the third quarter, compared to the $3.3 million net loss posted during the same period last year. The San Francisco-based carrier’s operating revenues rose by 26.6% to $368 million as expenses grew by 28.4% to $352.2 million. Virgin America’s operating profit therefore dropped by 2.4% to $15.8 million. EBITDAR rose 23.6% in the third quarter to $74.9 million. President and CEO David Cush cited high fuel prices and a challenging expansion into new markets during a recession as the reason for the results. “All airlines have faced these same
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