Virgin America, launched in August 2007, posts first quarterly profit

Virgin America achieved profitability for the first time in the third quarter, posting net income of $7.5 million, reversed from a $5.9 million net loss in the year-ago period. Quarterly revenue soared 28% to $202.1 million, outpacing an 18.5% increase in expenses to $181.1 million, producing...

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