Virgin America reports $22.4 million first quarter net loss

[FWAAA]

Lots more passengers than the prior year first quarter, but they paid substantially less, as average fares and yields were down:
 
https://www.virginamerica.com/cms/about-our-airline/press/2014/virgin-america-reports-first-quarter-2014-financial-results.html

 

[WorldTraveler]

with Virgin America looking to competition with WN at their home airport as a solution to a business plan that has been unable to generate profitability against the megacarriers, VX' future can't be considered certain.

Add in that VX' core north-south markets on the west coast are seeing heightened competition and VX is looking everywhere for clear air but seemingly unable to find it.

 

[xUT]

VX will survive as  long as Branson is alive.

 

[jimntx]

Branson's pockets must be even deeper than we thought if he can keep this up.  It may have been a $24million yoy improvement, but  a multi-million loss is still a loss.

 

[WorldTraveler]

He was rumored to have wanted the airline that bought 49% of Virgin Atlantic to buy his 25% stake in Virgin America in exchange for a couple LHR slots plus other lovely parting gifts but so far the deal has not taken place.

He undoubtedly can see the writing on the wall but when you are in this deep, it is pretty hard to just say "I screwed up and am throwing in the towel."

 

[eolesen]

There was also a rumor that DOJ would have stripped away anything of value on the East Coast, and now they'd probably take away the DAL (sub)lease as well. Why buy the airline when you won't be able to keep the spoils?...