Virgin America reports first quarterly profit
© Centre for Asia Pacific Aviation. While it is continuing to gain rave reviews from travel bloggers, Virgin America earned its first quarterly profit in the 3Q2010 at USD7.5 million, a 225.9% positive swing from the USD5.9 million loss in the 2009 third quarter. At the same time, it reported a record operating profit of USD21 million, a 314% improvement from 3Q2009 which resulted in a 10.4% operating margin. In the 2009 quarter its margin was only 3.2%.
