Virgin America narrows loss in 2009

Washington DC
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Virgin America reported a loss of $80.7 million for 2009, a significant improvement over a $209.6 million loss in 2008.

Revenue at the privately-held carrier increased 44.8% to $547.6 million while operating income posted a loss of $48 million compared to a $188 million loss the previous year. Operating expenses increased 5% to $595.7 million. Load factor was up 6.2 points to 82.8%.

"Given both the recession and the fact that 2009 was one of the most challenging airline revenue environments in recent memory, we're proud of how far we have come," says Virgin America chief David Cush.

The San Francisco, California-based carrier is planning to add five new destinations in 2010, including Orlando and Toronto.