Revenue Update on Virgin America Inc(NASDAQ:VA)

Virgin America Inc(NASDAQ:VA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $425.73M. Analysts estimated a revenue of $446.39M. Earnings per share were $0.93. Analysts had estimated an EPS of $1.18.

Virgin America Inc (VA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.16% or 0.09 points. Due to strong positive momentum, the stock ended at $56.04, which is also near the day’s high of $56.0416. The stock began the session at $55.91 and the volume stood at 1,89,718 shares. The 52-week high of the shares is $56.54 and the 52 week low is $26.3. The company has a current market capitalization of $2,504 M and it has 4,46,77,032 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2015, John J. Varley (Senior VP, General Counsel) sold 10,084 shares at $36.38 per share price.Also, On Nov 23, 2015, Stephen A. Forte (Chief Operating Officer) sold 3,827 shares at $36.47 per share price.On Nov 18, 2015, Cyrus F Jr Freidheim (director) sold 15,000 shares at $36.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. It provides service to approximately 21 airports in the United States and Mexico with a fleet of 53 narrow-body aircraft. It offers three levels of service: First Class Main Cabin Select and Main Cabin. First Class level of service includes eight-seat cabin with an inflight teammate to provide service 165 degree reclining leather seat with massage functions and 55 inches of pitch between rows among others. Main Cabin Select includes 38 inches of pitch for leg room individual Red inflight entertainment system at every seatback and one free checked bag among others. Main Cabin includes 32 or 33 inches of pitch individual Red inflight entertainment system at every seatback and complimentary live television among others.

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