Company Overview of Virgin America Inc.
Virgin America Inc. provides scheduled air travel services. As of December 31, 2014, it provided services to 21 airports in the United States and Mexico with a fleet of approximately 53 Airbus single-aisle aircraft, including of 10 Airbus A319s and 43 Airbus A320s. The company was formerly known as Best Air Holdings, Inc., and changed its name to Virgin America Inc. in November 2005. Virgin America Inc. was incorporated in 2004 and is headquartered in Burlingame, California.
555 Airport Boulevard
Burlingame, CA 94010
Founded in 2004
Key Executives for Virgin America Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $665.0K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $403.0K
Chief Operating Officer and Director of Operations
Total Annual Compensation: $410.0K
Senior Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $335.0K
Senior Vice President of People & In-Flight Services
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2014.
Virgin America Inc. Key Developments
The City of Dallas Files Lawsuit against Two Federal Agencies and Six Airlines
Jun 18 15
The city of Dallas has asked a federal court to settle a long-running fight over which airlines can operate out of its local airport. Under a federal law that stood for more than 30 years, airlines at Love Field could only fly to other places in Texas or a few nearby states unless they used very small planes. Those limits expired in October, setting off a land rush by airlines. The city filed a lawsuit against two federal agencies and six airlines. Southwest Airlines Co. controls 18 of 20 gates at the city-owned airport. Delta Air Lines Inc. operates five flights a day from one of those Southwest gates, but that deal that expires July 6. Delta wants to add eight new flights to more destinations. Southwest wants to take back its gate. In a letter to the city Delta has the right under federal law to stay at Love Field and the city is obligated to make room for new flights that Delta wants to add because space was available when Delta made its initial request in February. However, the city contends that a 2006 federal law and an agreement between Dallas, Fort Worth, Southwest and American Airlines take precedence over orders from federal regulators. The city is now suing the U.S. Department of Transportation, the Federal Aviation Administration, Delta, Southwest, Virgin America, American Airlines, United Airlines and Seaport Airlines. There are two other gates at Love Field that had been operated by American Airlines until it was ordered to give them up as a condition of its 2013 merger with US Airways. They are now operated by Virgin America Inc.
Virgin America Inc. Reports Operational Results for the Month and Year to Date of May 2015
Jun 9 15
Virgin America Inc. reported operational results for the month and year to date of May 2015. For the month, the company reported revenue passenger miles of 898,982,000 compared to 901,267,000 a year ago. Available seat miles were 1,067,196,000 compared to 1,066,679,000 a year ago. Passenger load factor was 84.2% compared to 84.5% a year ago. Onboard Passengers were 602,000 compared to 578,000 a year ago.
For the year to date, the company reported revenue passenger miles of 4,045,057,000 compared to 3,965,388,000 a year ago. Available seat miles were 4,928,034,000 compared to 4,873,437,000 a year ago. Passenger load factor was 82.1% compared to 81.4% a year ago. Onboard Passengers were 2,712,000 compared to 2,617,000 a year ago.
Virgin America Announces Operating Results for the Month and Year to Date Ended April 2015
May 7 15
Virgin America announced operating results for the month and year to date ended April 2015. For the month, the company reported revenue passenger miles of 889,380,000 compared to 865,293,000 a year ago. Available Seat Miles were 1,041,964,000 compared to 1,029,492,000 a year ago. Passenger Load Factor was 85.4% compared to 84.1% a year ago. Onboard Passengers were 587,000 compared to 560,000 a year ago.
For the year to date, the company reported revenue passenger miles of 3,146,075,000 compared to 3,064,121,000 a year ago. Available Seat Miles were 3,860,839,000 compared to 3,806,758,000 a year ago. Passenger Load Factor was 81.5% compared to 80.5% a year ago. Onboard Passengers were 2,110,000 compared to 2,040,000 a year ago.
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