Virgin America

Virgin America Reports Traffic Up in August

Virgin America Reports Traffic Up in August

Virgin America announced operational results for August 2014.
The airline’s total traffic for the month was 940 million revenue passenger miles, or RPMs, a year-over-year increase of 2.9% from 913 million RPMs in August 2013.
Meanwhile, total capacity in August decreased by 1.2%, down to 1.098 billion available seat miles, or ASMs, from 1.110 billion ASMs in the same month last year.
Passenger load factor for the month increased by 3.4 percentage points …

Lobby Bar – August 15: In with the Old, Three-Thousand-Year-Old Falafel, and Sorting Hat Shenanigans

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The Lobby Bar – A Chuckle-Worthy Summary of Frequent Business Traveler News and Views
Leave your toaster at home.  Paul Riegler shares some tips to make late-summer travel a tad easier, such as refraining from checking a bag.  An alternative that will get you where you are going faster is to rent Jesse’s new teleportation machine, available at the unheard of low price of 99 cents per mile.
His highness chimes in.  …

New Startup Airlines Have Old Names, Give Old Ideas a New Twist

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If you were reading news items about new airline startups and momentarily felt caught in a time warp, it would be understandable. Names such as Eastern and People Express are currently in the headlines – and what’s this about new all-business class startups flying from the U.S. to Europe?
This is in no small way due to major airlines reporting profitable quarters, some for the first time in years, thus causing …

Virgin America Reports 400% Increase in Profit

Virgin America Reports 400% Increase in Profit

Virgin America announced financial results for the second quarter of 2014.  The airline’s operating profit in the second quarter was $36.983 million, a significant year-over-year increase of over 400% from $8.849 million in the second quarter of 2013.
Passenger revenue in the second quarter also increased, up by 4.9% year-over-year to $357.619 million from $341.027 million in the same period last year. Passenger revenue per available seat mile, or Prasm, increased …

Virgin America Sees Increase in July Traffic

Virgin America Sees Increase in July Traffic

Virgin America announced operational results for July 2014.
Total traffic in July was 981 million revenue passenger miles, or RPMs, a year-over-year increase of 3.5% from 948 million RPMs in July 2013.
Capacity for the month also rose, up by 0.5% year-over-year to 1.155 billion available seat miles, or ASMs, from 1.148 billion in the same period last year.
The airline’s passenger load factor for July was 85%, an increase of 2.5 percentage …

Virgin America Announces Plans for IPO

Virgin America Announces Plans for IPO

Virgin America announced on Monday that it had filed a registration for an initial public offering of its common stock with the U.S. Securities and Exchange Commission.  The discount carrier’s move had been expected for several months.
The airline said that the number of shares to be offered and the price range for the proposed offering have yet to be determined.  Barclays and Deutsche Bank Securities are acting as joint book …

Virgin America Reports Drop in Traffic, Capacity for May

Virgin America Reports Drop in Traffic, Capacity for May

Virgin America announced operational results for May 2014.
Total traffic for May was 901 million revenue passenger miles, or RPMs, a year-over-year decrease of 0.6% from 907 million in May 2013.
Total capacity for the month was 1.067 billion available seat miles, or ASMs, a year-over-year decrease of 2.5% from 1.094 billion last year.
Meanwhile, the airline’s load factor for May increased by 1.6 percentage points, to 84.5% from 82.9% in the same …