Virgin America annual net income up 139% YoY

Virgin America (NASDAQ: VA) said its full year net income for 2015, excluding special items, increased by 138.8 percent over 2014 and was the highest in the company´s history.

Fourth quarter 2015 net income excluding special items was USD53.6 million, an increase of 90.4 percent from the fourth quarter of 2014.

Operating income and operating margin excluding special items were USD56.5 million and 14.4 percent, respectively. On a GAAP basis, net income was USD190.9 million. Operating income and operating margin on a GAAP basis were USD20.3 million and 5.2 percent, respectively.

2015 full year operating and net income, excluding special items, were USD211.7 million and USD201.5 million.

Operating and net income on a GAAP basis for the full year 2015 were USD177.2 million and USD340.5 million, respectively.

2015 full year revenue per available seat mile (RASM) decreased 1.0 percent compared to 2014, to 12.05 cents.
Fully diluted earnings per share excluding special items was USD1.20 for the quarter and USD4.53 for the year. On a GAAP basis, fully diluted earnings per share was USD4.28 for the quarter and USD7.66 for the year.

Known for its mood-lit cabins, three classes of service and innovative fleetwide amenities, Virgin America has built a loyal following of flyers and earned a host of awards since launching in 2007.