Virgin America narrowed its second-quarter loss to $15.8 million from the $64.4 million deficit suffered in the year-ago quarter, claiming that its "business model is right on track" and its service and amenities "provide an unrivaled value proposition at a time when consumers are more discerning than ever." Revenue rose 46.9% to $135.9 million against a 4.7% decline in costs to $147.3 million. Operating loss improved 81.6% to $11.4 million from $62.1 million in the second quarter of 2008. ...

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