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 operating income of $21 million, more than four times greater than a $5.1 million operating profit in the September 2009 quarter. "Our progress toward profitability in just our third year of ...

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