Virgin America reports Q2 results

Virgin America reported a $37 million net profit for the second quarter, quadrupling the airline’s $8.9 million net income recorded during Q2 2013. The successful second quarter offsets the carrier’s $22.4 million net loss in the first quarter, bringing Virgin America’s year-to-date (six-month) net income to $14.6 million—a reversal from the $37.5 million half-year net loss the company posted during 2013.The San Francisco-based carrier’s second  quarter revenue grew 6.1% year-on-year to $398.8 million as expenses rose 1% to $351.7 million, resulting in operating income of $47.1 million, a 69.1% rise from $27.9 million during Q2 2013.Virgin America’s second quarter traffic