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Virgin America Beats Estimates and Looks to Strong Fourth Quarter

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Virgin America (VA) reported third-quarter earnings that easily beat estimates and the carrier guided toward strong performance in the current quarter, when it will boost capacity by around 10%.

Excluding items, the carrier reported third-quarter net income of $73 million, or $1.64 a share. Analysts surveyed by Thomson Reuters had estimated $1.56. Revenue rose 1.3% to $411 million. Analysts had estimated $406 million. Operating margin was 18.2%.

Virgin America shares fell 4.5% in trading Thursday.

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Looking ahead, Virgin America will take delivery of two A320 aircraft during the current quarter, leading to a capacity increase between 9.5% and 10.5%. The carrier expects current quarter...


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