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Virgin America net profit jumps on higher U.S. travel, lower costs


    (Reuters) - Virgin America Inc , a low-cost airline partly owned by Richard Branson, reported a 76 percent jump in quarterly profit, helped by higher U.S. travel and lower fuel costs.

    The company's net income rose to $65 million in the second quarter ended June 30, from $37 million a year earlier.

    However, earnings per share fell to $1.47 from $11.92 due to a higher number of shares outstanding in the latest quarter.

    Total operating revenue rose 0.5 percent to $400.9 million.

    (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Maju Samuel)