Virgin America Flies Into The Black

Virgin America has achieved its first full year of profitability after a turnaround in the fourth quarter that saw it earn $14m, compared with a $39m 4Q loss the year before. Full-year net income for 2013 was just $10m, but that represented a massive improvement on 2012’s $156m loss. Last year was notable for an almost 10 per cent rise in yields at the airline, and also a 2.2 per cent reduction in capacity.

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