Old School 737
NG's now and it is A OK!!
- Joined
- Jun 13, 2005
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Startup domestic airline Virgin America on Thursday reported a second quarter loss of $15.7 million, compared to a loss of $64.4 million in the second quarter of 2008.
The Burlingame-based airline said it saw revenue of $135.9 million, a boost of 47 percent year over year, and a 48 percent increase in capacity.
Traffic increased by 57 percent year-over-year.
The airline reported the highest loads in its history, with an 85.1 percent load factor in April, 84.1 percent load factor in May and 86.6 percent load factor in June.
The airline ended 2Q09 with $28 million in unrestricted cash and $54 million in total liquidity, with full funding for its operation through its projected profitability date.
The Burlingame-based airline said it saw revenue of $135.9 million, a boost of 47 percent year over year, and a 48 percent increase in capacity.
Traffic increased by 57 percent year-over-year.
The airline reported the highest loads in its history, with an 85.1 percent load factor in April, 84.1 percent load factor in May and 86.6 percent load factor in June.
The airline ended 2Q09 with $28 million in unrestricted cash and $54 million in total liquidity, with full funding for its operation through its projected profitability date.