Procurement
Virgin America for the quarter ending Sept. 30 reported a net loss of $12.6 million, larger than the $3.3 million loss reported a year earlier.
The privately held company said its operating profit was $15.8 million, down about 2 percent year over year. Passenger revenue jumped 26 percent to $337 million and its average passenger fare edged up 2.5 percent to just under $200. Virgin America also announced amended engine and aircraft agreements with Airbus that will slow its growth. "This reduction in growth will allow the carrier to continue to improve profitability, as new markets develop to match the performance of its core established network," according to the company. Virgin America said September-quarter capacity was up 73 percent from two years earlier but that "this phase of accelerated growth is now largely complete."