Company Overview of Virgin America Inc.
Virgin America Inc. provides scheduled air travel services. The company has a fleet of 60 Airbus single-aisle aircraft consisting of 10 Airbus A319s and 50 Airbus A320s. As of December 31, 2015, it provided services to 23 airports in the United States and Mexico. 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: $667.4K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $405.5K
Chief Operating Officer and Director of Operations
Total Annual Compensation: $412.2K
Senior Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $338.5K
Senior Vice President of People & In-Flight Services
Total Annual Compensation: $338.5K
Compensation as of Fiscal Year 2015.
Virgin America Inc. Key Developments
Virgin America Inc. Reports Traffic Results for the Month and Year to Date Ended September 2016
Oct 11 16
Virgin America Inc. reported traffic results for the month and year to date ended September 2016. For the month, the company reported revenue passenger miles of 1,011,488,000 compared with 814,617,000 for the same period a year ago. Available seat miles was 1,200,675,000 compared with 1,043,050,000 for the same period a year ago. Passenger load factor was 84.2% compared with 78.1% for the same period a year ago.
For the year to date ended September 2016, the company reported revenue passenger miles of 9,100,653,000 compared with 7,714,820,000 for the same period a year ago. Available seat miles was 10,820,432,000 compared with 9,333,333,000 for the same period a year ago. Passenger load factor was 84.1% compared with 82.7% for the same period a year ago.
Virgin America Flight Attendants Rejects Tentative Contract Deal as Alaska Takeover Looms
Sep 20 16
Virgin America's inflight teammates have rejected a tentative agreement that their fledgling union reached with the airline even as it's being taken over by Alaska Air Group. The rejection leaves flight attendants at Virgin America and Alaska in limbo regarding their status and seniority, and frustration is brewing. Virgin's teammates, the equivalent of flight attendants at other airlines, voted 490 to 415 to reject the tentative agreement their union negotiators reached with the airline in August. Had it been ratified, the new contract was to take effect the day the Alaska takeover closes, which could come as early as next month. The new contract deal would have given them an immediate 7.5% pay increase upon signing along with improved working conditions. Virgin America's flight attendants earn base pay of $20 an hour after six months, compared to Alaska's $24.08 an hour, according to union compensation data. The gap widens after nine years, with Alaska flight attendants earning $44.20 an hour versus $34 an hour for Virgin workers.
Virgin America Inc. Reports Preliminary Operational Results for the Month and Year to Date Ended August 2016
Sep 9 16
Virgin America Inc. reported preliminary operational results for the month and year to date ended August 2016. For the month, the company reported revenue passenger miles of 1,144,309,000 compared to 954,152,000 a year ago. Available seat miles were 1,328,747,000 compared to 1,141,438,000 a year ago. Passenger load factor was 86.1% compared to 83.6% a year ago. Onboard Passengers were 744,000 compared to 648,000 a year ago.
For the year to date ended August 2016, the company reported revenue passenger miles of 8,089,165,000 compared to 6,900,203,000 a year ago. Available seat miles were 9,619,757,000 compared to 8,290,283,000 a year ago. Passenger load factor was 84.1% compared to 83.2% a year ago. Onboard Passengers were 5,354,000 compared to 4,614,000 a year ago.
Similar Private Companies By Industry
Recent Private Companies Transactions
April 4, 2016