Virgin America reported a first-quarter net loss of $40.3 million, narrowed from a net deficit of $52 million in the year-ago period, and the nearly two-year-old carrier said it is poised to continue growing steadily. President and CEO David Cush said, "Our first-quarter financial results exceeded our projections and we foresee continued strong revenue growth through the spring and summer." Revenue jumped 90.8% to $100.8 million as capacity increased 68.7% to 1.4 billion ASMs. The privately ...

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