Procurement
Virgin America on Thursday reported a first-quarter profit of $12.8 million,
the first time the carrier has netted a first-quarter profit in its history. It experienced a $22.4 million loss in the first quarter of 2014. Passenger revenue during the first quarter of 2015 increased 4.1 percent year over year to $326.4 million. Its average fare increased 1.1 percent to $190.03, and yield increased 1.4 percent. Capacity increased 1.5 percent year over year, and traffic increased 2.6 percent, contributing to a year over year load factor increase of 0.9 percentage points to 80.1 percent. Passenger revenue per available seat mile increased 2.6 percent year over year during the quarter.