From the business section of the SF Examiner
Virgin America Inc., the low-fare airline partly owned by U.K. billionaire Richard Branson, said its second-quarter loss narrowed to $15.8 million as it filled more seats on its planes.
The loss a year earlier was $64.4 million, the Burlingame-based carrier said today in a statement. As a closely held company, Virgin America doesn't report results on a per-share basis. Revenue rose 47 percent to $135.9 million and it ended the quarter with $28 million in unrestricted cash.
In talking with local fliers, many are quite happy with the service and the price.
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