Virgin America reports $175M loss; load factor improving

After losing $175.4 million in the first three quarters of 2008, Virgin America should turn a profit in 2010, according to CEO David Cush. "We're confident in our business model and are in a strong position as a well-financed startup with solid revenue growth and load factors," he said in issuing the airline's first earnings report in more than a year. In the third quarter, Virgin America's load factor rose to 81.4%, vs. 77.6% the previous quarter.

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