Virgin America has posted positive earnings for the period between July and September. The three-year old start up earned $7.5 million, compared with a loss of $5.9 million a year ago. Revenue for the same period jumped 28% to $202 million. Passenger revenue per mile also rose by 20%, which David Cush, chief executive of the airlines, credited to higher fares. He also stated that it will grow its fleet aggressively next year and hopes to expand to Chicago and Newark. Consequently the fleet will increase from 28 Airbus planes to 47 by the end of 2011, which will boost
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.