First Free Story (1 of 3)
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Virgin America (VX) reported a second-quarter net loss of $31.8 million, widened from a $21.7 million loss in the year-ago period.
Second-quarter revenue rose 29% to $347 million. Operating expenses increased 28% to $351.4 million, producing an operating loss of $4 million, narrowed from a $6 million loss in the year-ago quarter. As of June 30, VX hedged 58% of its expected fuel consumption for the rest of 2012.
