April 29, 2016 10:43 AM ET

Airlines

Company Overview of Virgin America Inc.

Company Overview

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

United States

Founded in 2004

2,658 Employees

Phone:

650-762-7000

Key Executives for Virgin America Inc.

Chief Executive Officer, President and Director
Age: 55
Total Annual Compensation: $667.4K
Chief Financial Officer and Senior Vice President
Age: 45
Total Annual Compensation: $405.5K
Chief Operating Officer and Director of Operations
Age: 59
Total Annual Compensation: $412.2K
Senior Vice President, General Counsel and Corporate Secretary
Age: 59
Total Annual Compensation: $338.5K
Senior Vice President of People & In-Flight Services
Age: 62
Total Annual Compensation: $338.5K
Compensation as of Fiscal Year 2015.

Virgin America Inc. Key Developments

Virgin America Inc. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2016

Virgin America Inc. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2016. For the quarter, the company reported total operating revenue of $364,009,000 against $326,351,000 a year ago. Operating income was $31,928,000 against $15,383,000 a year ago. Income before taxes was $28,134,000 against $13,110,000 a year ago. Net income was $17,454,000 or $0.39 per diluted share against $12,786,000 or $0.29 per diluted share for the same period a year ago. On non-GAAP basis, operating income was $33,165,000 against $13,120,000 a year ago. Income before taxes was $29,371,000 against $10,847,000 a year ago. Net income was $18,358,000 against $10,523,000 a year ago. Fully diluted earnings per share, non-GAAP was $0.41 against $0.24 a year ago. The company generated $95.3 million of operating cash flow during the quarter. For the quarter, the company reported available seat miles of 3,265 million against 2,819 million for the same period a year ago. The company reported revenue passenger miles of 2,615 million against 2,257 million for the same period a year ago. Load factor was 80.1% against 80.1% a year ago.

Virgin America Inc. to Report Q1, 2016 Results on Apr 28, 2016

Virgin America Inc. announced that they will report Q1, 2016 results at 5:00 PM, GMT Standard Time on Apr 28, 2016

Virgin America Inc., Q1 2016 Earnings Call, Apr 28, 2016

Virgin America Inc., Q1 2016 Earnings Call, Apr 28, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 4, 2016
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