The 52-week price range is $26.30-$39.73 and the company has a market capitalization of $2.06 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 3 has assigned a hold rating, 0 says it’s a buy, and 4 have assigned a strong buy rating to the company.
Virgin America Inc (VA) on February 18, 2016 reported its financial results for the fourth quarter and full year 2015. Key highlights include:
- Fourth quarter 2015 net income excluding special items1 was $53.6 million, an increase of 90.4 percent from the fourth quarter of 2014. Operating income and operating margin excluding special items were $56.5 million and 14.4 percent, respectively. On a GAAP basis, net income was $190.9 million. Operating income and operating margin on a GAAP basis were $20.3 million and 5.2 percent, respectively.
- 2015 full year operating and net income, excluding special items, were $211.7 million and $201.5 million. Full year net income, excluding special items, increased by 138.8 percent over 2014 and was the highest in the Company’s history. Operating and net income on a GAAP basis for the full year 2015 were $177.2 million and $340.5 million, respectively.
- 2015 full year revenue per available seat mile (RASM) decreased 1.0 percent compared to 2014, to 12.05 cents.
- Fully diluted earnings per share excluding special items were $1.20 for the quarter and $4.53 for the year. On a GAAP basis, fully diluted earnings per share were $4.28 for the quarter and $7.66 for the year.
“Virgin America had a very successful 2015,” said David Cush, Virgin America’s President and Chief Executive Officer. “We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth and began growing the airline again. All the while, Virgin America continued to win awards, including being recognized as the ‘Best U.S. Airline’ in the prestigious annual Condé Nast Traveler’s Readers’ Choice Awards for the eighth consecutive year. This is a credit to the outstanding service our teammates provide and our unique and consistent product. We are excited about our growth opportunities in 2016 as we take delivery of five new Airbus A320 aircraft and continue to enhance our ancillary product offering.”
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