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Virgin America (VA) beats on Earnings & Revenues in Q4 - Tale of the Tape

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Low-cost airline Virgin America ( VA ), which went public in Nov 2014, is based in California. The company, partly owned by British billionaire investor Richard Branson, made an impressive debut on Nasdaq raising $307 million through the offering. Virgin America is using the proceeds primarily for general corporate purposes.

Zacks Rank: Currently, Virgin America has a Zacks Rank #3 (Hold) but that could change following the company's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Virgin America's earnings (excluding special items) of $1.16 per share easily beat the Zacks Consensus Estimate of 82 cents.

Revenue: Operating Revenues came in at $372.2 million surpassing the Zacks Consensus Estimate of $370 million. Revenues improved 3.4% from the year-ago figure.

Key Stats: The carrier expects capacity to increase in the range of 2% to 3% in the first quarter of 2015 on a year over year basis. Moreover, the company projects PRASM (a measure of unit revenue) to change -1% to+1% in the first quarter of 2015. The carrier expects economic fuel cost (inclusive of related taxes and hedge costs) to average between $2.45 and $2.55 per gallon in the first quarter.

Stock Price: The strong earnings report pleased the investors and the stock was up 6.66% in pre-market trading at the time of writing.

Check back later for our full write up on this Virgin America earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.