Virgin
America is
reportedly considering selling itself, and
Wall Street is
here for it
Virgin America is
reportedly flirting with a sale, and
Wall Street seems to be into it.*
Bloomberg, citing a**nymous sources,*
reported*Wednesday that the airline is reaching out to potential buyers. According to Bloomberg, the airline received takeover interest, but there's ** final decision to sell yet.
The rumors caused Virgin's share prices to spike over 10% on Wednesday after temporarily being halted after the news.
Virgin, best k**wn for its cheeky ads featuring its billionaire backer Richard Branson,
has steadily increased in value in recent years since first turning a profit in 2013 (but
it's still far from the most profitable airline, falling behind aviation giants like Spirit, Delta, Southwest, and American.)
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