Virgin America: Will Private Equity be Patient?

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Virgin America disclosed some details on Monday of its financial performance, a day before the Dept. of Transportation was scheduled to release operating data the upstart carrier had fought to keep confidential. As expected, the privately held company lost money in 2008, its first full year in operation. Virgin America lost $175 million on revenue of $259 million for the first three quarters of 2008, while its load factor rose to 81.4% in the third quarter from 77.6% the previous quarter.

Virgin America: Will Private Equity be Patient? - BusinessWeek

 

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Virgin America's compliance with US foreign ownership and control restrictions

In a filing, Alaska asked DoT to promptly issue an order tentatively finding that Virgin America no longer qualifies as a US carrier.

Alaska calls on DoT to address Virgin America's compliance with foreign ownership laws - Low Cost Airline News