The little airline that could.

Virgin America reported a $37 million net profit for the second-quarter, quadrupling the airline’s $8.9 million net income recorded in the year-ago June quarter.

Cynics and naysayers love to bring up the fact that VX has taken nearly a billion dollars in funding but anyone who knows anything about anything understands that airlines are a very, very long term play and that profitability in less than 8 years is an extraordinary accomplishment for a US airline. Long may it continue.