Virgin America sinks into big quarterly loss

Higher oil prices and bigger investments bite into profits

Virgin America has posted a $44.6 million loss for the first quarter, bigger than the $35.5 million loss it reported for the first quarter of 2010. “Investment in growth and increased fuel prices” are the explanations given by the airline. Expenses increased by 37% on the year to $230.6 million, resulting in an operating loss of $29.5 million. Revenues also climbed 37% to $201.1 million.
President and CEO David Cush confessed to being disappointed by the operating results, but pleased with the revenue performance “and overall progress as a young airline in a significant growth phase.”
ATW

x

Check Also

KLM, Wideroe, codeshare, SAS, Norway

KLM ups pressure on SAS in Norway

A new agreement with Widerøe means more KLM flights will be offered to Amsterdam from regional airports in Norway.

Air France, cancel, delay, strike, February, pay, grounded, flights, Paris, Toulouse, Lyon

Air France strike hits Paris flights

Travellers are advised to postpone their flights until February 27 as chaos strikes airports.

Szczecin, Pomerania, Poland, Wizz Air, flights, Nordic, Scandinavia, Stockholm, Bergen, Oslo, Stavanger, Sweden, Norway, route, travel, tourism

Wizz enlarges Nordic-Polish flights

The low-cost airline is growing fast in Poland, now flying to Stockholm from Szczecin by the German border.

Swedavia, security, gates, Sweden, airports, Arlanda, Gothenburg, Are, ski, baggage

Sweden deploys airport self-service tech

Automated entry gates are being installed at security checkpoints across the country.

DogHouse, BrewDog, Scotland, beer hotel, brewery, rooms, stay, travel, craft beer, Ellon, Aberdeenshire

Beer in the shower: Craft beer brand plans hotel

The multinational brewery and pub chain BrewDog plans a ‘beer hotel’ in Scotland.

Kuoni, travel agent, tour operator, brand, new, tourism, package, business

Kuoni to launch new brand this year

The tour operator says it can fill the gap between package and tailor-made holidays.