Virgin America “needs a track record of profitability,” but not necessarily a full-year profit before the privately held carrier makes an initial public offering (IPO), CEO David Cush tells Aviation Week. That performance could consist of six to eight quarters in which the carrier is “making money consistently and generating acceptable returns,” Cush said in a May 13 interview. He expects that to begin with a net profit over the second half of this year and an operating margin for the ...
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