Originally Posted by
tzskipper
Fwiw,
"Despite the near doubling of fuel costs during the quarter, our top line progress continues to exceed our expectations and we remain on track for full year operating profit in 2010," said Virgin America President and CEO David Cush. "With a revenue increase of nearly fifty percent year-over-year and a unique service that is continuing to hit the mark with consumers, we're pleased with our results. Our progress is a testament to our business model, the growing loyalty of our guests and the dedication of our entrepreneurial team."
Uhh... I think you left out this part:
"The airline reported a $22 million operating loss on revenues of $147 million during the quarter."
So how much is that lost since inception? Last numbers I saw (a couple of quarters ago) it was over a half a billion (Yes, that is a "B").
Long way to go before all that money spent ever shows a dime returned on investment or proves it to be "a testament to our business model," Mr. Cush...