Virgin America Sees $227M Loss in First Year

" Virgin America a new airline started would much fanfare last year sir Richard Branson he of all the virgin names with a couple hedge funds starting new airline flight from New York to San Francisco and LA some major routes everybody's -- it and I've flown. I know anyway likes it. Temper Louise but on LA that the airlines got one big problem. -- making any money."

" That's true Brian in fact sir Richard Branson's domestic American airline posted. A 227. Million dollar loss in the first twelve months. Possibly prompting added to US hedge funds that on 75% of the airline to pull out of their investment. Now although -- black canyon capital and serious capital hot does. Haven't sent the with a belt tight and money and run that in America's CEO of David Coolidge says he anticipated eighteen months of losses. Buddy says he's expecting a bright a year ahead."

" We have full liquidity for the next eighteen months even with Dark Knight industries circumstances. We expect a couple of quarters of profit in 2009. For your profits in 2000 that's just the way it goes with starting an airline."

" Now Brian on the US floor airlines that off right domestic routes here must be 51 Hussein UA assign. Boxer Richard Branson tells me if he's -- and this does do pull out. He has other in this is -- I'm ready to end it."

" You have to have. A majority of American because I'm going to -- accident. And and it if our American investors have that through their own entitled Casey's. The other night on the political carrion. We will replace them another and that's that's."

" so the good news -- airline passengers and I guess eight UNI sir Richard Branson's tells me that the air warfare that is thing going on between. A vision americares and the likes of jetBlue and southwest will continue. In fact round trip from the west coast to the east coast is now around 215. Dollars --"

" Louise -- we forgot to mention Louise the shot that we showed at times square right off camera. Was the virgin mega store big record shop that is actually going out of business right now as well they got going out of business sales slow and tougher virgin. Hasn't -- Louise thank you very much."