Virgin America reported a $22.4 million net loss for the three months ending March 31,

improving on a $46.4 million loss for the prior-year period. Average fare declined 7 percent year over year to $186.73. Passenger revenue rose 2.7 percent year over year on an 11 percent rise in passenger volumes and a 3 percent increase in capacity. Load factor rose nearly 2 percentage points from the prior-year period. The privately held airline cited weather and a shift in timing of the Easter holiday as challenges to quarterly performance, but management was encouraged by its narrowing net loss, according to its earnings statement.