How do you figure that?
Not that VA should be in a foreign thread, but I always wonder where comments like that come from. Finances look very good for an airline, from the outside at least, so it would be interesting to see why you reckon they are set up to go. . .
Results are as below:
Third Quarter 2011 Reporting Highlights:
Operating results: The airline reported a $16.2 million operating profit in the third quarter and a $3.3 million net loss. The airline's yield per passenger mile was 12.3 cents , up 10 percent compared to the third quarter of 2010.
Load factors: The airline reported an 84.2 percent load factor in the third quarter, on a 32 percent increase in scheduled service capacity over the year earlier quarter – compared to an industry average capacity which remained flat.
Top line progress: RASM increased 9 percent over the third quarter of 2010. Virgin America's average fare increased 5 percent over the prior year.
Cost control: Operating expense per available seat mile excluding fuel (ex-fuel CASM) increased by 2 percent versus third quarter 2010, primarily as a result of investment in the Company's growth (training, people and aircraft in modification).
Cash: The airline ended the quarter with $24 million in unrestricted cash and $42 million in total liquidity. This excludes the latest debt facility, which closed in December 2011 .