Virgin America Inc (NASDAQ:VA) reported its preliminary operational results for June 2015. The airline’s traffic (measured in revenue passenger miles) decreased 1.9 percent on capacity (measured in available seat miles) that was 1.3% lower from the same month in 2014.
Load factor was 85.6 percent, down 0.5 points from June 2014. The number of onboard passengers increased 4.1 percent from the same month last year.
|June||June Year to Date|
|Revenue Passenger Miles (000)||933,695||952,059||(1.9%)||4,978,753||4,917,447||1.2%|
|Available Seat Miles (000)||1,090,790||1,105,535||(1.3%)||6,018,824||5,978,971||0.7%|
|Passenger Load Factor||85.6%||86.1%||(0.5)pts||82.7%||82.2%||0.5pts|
|Onboard Passengers (000)||616||591||4.1%||3,328||3,208||3.7%|
Shares of Virgin America opened today at $26.79 and are currently trading up at $26.8. VA has a 1-year high of $45.43 and a 1-year low of $26.50. The stock’s 50-day moving average is $28.29 and its 200-day moving average is $32.62.
On the ratings front, Virgin America has been the subject of a number of recent research reports. In a report issued on May 1, Stifel Nicolaus analyst Joseph DeNardi maintained a Hold rating on VA. Separately, on the same day, Imperial’s Bob McAdoo reiterated a Buy rating on the stock and has a price target of $45.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Joseph DeNardi and Bob McAdoo have a total average return of 4.2% and 21.5% respectively. DeNardi has a success rate of 60.0% and is ranked #1911 out of 3692 analysts, while McAdoo has a success rate of 61.0% and is ranked #70.
Overall, 2 research analysts have rated the stock with a Sell rating, one research analyst has assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $43.50 which is 62.4% above where the stock opened today.
Virgin America Inc is low-cost airline that provides scheduled air travel in the continental United States and Mexico. It operates from four cities of Los Angeles and San Francisco, with a smaller presence at Dallas Love Field.