New Debt Deal Part Of Virgin America’s Process To IPO As Soon As Late 2014

By Andrew Compart
Source: Aviation Daily

Cush counters that “the story for the fourth quarter and first quarter is a revenue story for us, particularly a RASM story,” noting that the fourth and first quarters are traditionally the carrier’s weakest.

In releasing its first-quarter results on May 13, the company is breaking with its tradition of releasing results only for the quarter that is about to be publicly disclosed by the U.S. Transportation Department. CFO Peter Hunt says that change also is part of the IPO preparation that the carrier to be “more focused on having a more normalized process.”

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