Virgin America Misses On Fourth-quarter Revenue

Shares of Virgin America fell 1% pre-market Thursday after the company missed fourth-quarter revenue expectations. Virgin America reported net income of $190.9 million, or $4.28 per share, up from $3.87 million, or 16 cents per share, in the year-earlier period. Excluding special items, Virgin American reported earnings per share of $1.20, in line with the FactSet consensus of $1.20. The company reported revenue of $391. 5 million, above $372.2 million in the year-earlier period, but below the FactSet consensus of $392.6 million. The company reported load factor of 81.1% compared to 81.2% in the year-earlier period. For 2015, David Cush, chief executive of Virgin America, said Virgin America had the highest net income in company history.