Virgin America revenues up 46%, but posts operating and net losses for fiscal first quarter

Although it is not required to report its financial results, Virgin America revealed it narrowed its net loss in the fiscal first quarter of 2010 by 11.9% to USD35.5 million while posting a record revenue performance. Unit revenue rose by 21% to USD 8.29 cents while revenues jumped 46% to USD147 million. Passenger revenue per available seat mile rose 15.5 points to USD 7.45 cents. Yield rose 11.2% to USD 9.83 cents.

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