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VIRGIN AMERICA NEW ON MT4

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Trade virgin america on stock.com

VIRGIN AMERICA NEW ON MT4

Nov 18 2014, 11.33am GMT

STOCK.com

Virgin America had a successful IPO launch on Friday last week with shares continuing to rise.

STOCK.com is pleased to announce that Virgin America is being traded in CFDs on MetaTrader 4 for all clients.

Though historically there is little profit in the airline industry due to rampant competition, Virgin America has hit the market at a beneficial moment. Demand for travel is high and oil prices are low, which has presented Virgin America with recent profits.

Virgin America is also seen as a niche brand, promoting itself as a hip airline to fit into the US market and appeal to Americans. Therefore, launching at $23 per share raised $307 million making the IPO a successful public addition to Sir Richard Branson’s stable of Virgin companies.

Now worth $1 billion, Virgin America launched its IPO on NASDAQ, home of innovative companies such as Apple [APPLE], Facebook [FACEBOOK] and Google [GOOGLE], and being based in Northern California, gives even further credence to its creative image.

Announcements before the IPO launch included the named top US airline in Condé Nast traveler’s Readers’ choice awards 2014, for the seventh year in a row and in November, Virgin America reported its financial results for the third quarter of 2014 with an operating income of $52.3 million and net income of $41.6 million. The airline posted an operating margin of 12.9 percent – a 1.4 point improvement over the third quarter of 2013, driven largely by a 5.5 percent growth in revenue per available seat mile (RASM) over the prior year period.

The Virgin America network continues to expand its footprint across America with flights to in-demand destinations including Austin, Boston, Cancun, Chicago, Dallas Love Field, Fort Lauderdale, Las Vegas, Los Angeles, Los Cabos, Newark, New York (JFK), Orlando, Palm Springs (seasonal), Portland, Puerto Vallarta, San Diego, San Francisco, Seattle and Washington D.C. (IAD and DCA).  New flights from New York’s LaGuardia Airport also began on October 28, 2014.

Branson’s other airline, Virgin Atlantic, also announced a financing deal with UK bank HSBC, to enable the first flight using Lanzatech’s low carbon fuel made from industrial steel production waste. With low oil prices already firmly established, airlines are forced to gain competitive advantage. Therefore this new sustainable fuel, needing no plane modifications, may see the Virgin airlines not only at the cusp of technology but also a leader in breaking the airline industry’s dependence on jet fuel.

Since the bonanza IPO launch, Virgin America has seen steady interest with stocks rising to 32.50 as of today.

Virgin America chart from MT4

trade virgin america on stock.com

Trade CFDs for Virgin America [VA] on STOCK.com with full training given to all clients.

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