Virgin America Says It Will Be Profitable by 2009

Virgin America had its first flight yesterday but apparently the airline will not be profitable for two years, meaning investors will have to wait until 2009 to see profits.

Virgin America is partially owned by English billionaire entrepreneur Richard Branson as part of his Virgin business empire.

A member of Virgin America’s board, Robert Nisi, said:

“We’re probably looking, rough estimate, 18 months to two years for a profit. We’re committed to making this airline a success and we’ll be behind it as long as we need to.”

Nisi’s Cyrus Capital Partners has invested a massive $80 million in Virgin America.

Do you think Virgin America will become a big success?

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