Quantcast
Transport Airlines

Virgin America to File IPO Following Profit Growth

Skift Take

The airline’s growing reputation on bi-coastal routes as well as returning travel demand have bolstered Virgin America’s profits, giving it the consecutive growth it needed to validate an IPO.

— Samantha Shankman

Virgin America Inc., the U.S. airline partly owned by U.K. billionaire Richard Branson, plans to sell shares in the U.S.

The carrier hired Barclays Plc and Deutsche Bank AG to handle the sale, the Burlingame, California-based company said today in a Securities and Exchange Commission filing. The number of shares and the price have yet to be determined, Virgin America said.

Chief Executive Officer David Cush said almost a year ago that an IPO would be possible as long as the carrier posts several consecutive quarters of earnings growth.

To contact the reporter on this story: Tom Lavell in Frankfurt at tlavell@bloomberg.net To contact the editors responsible for this story: James Boxell at jboxell@bloomberg.net Benedikt Kammel.

BGL10108_infographic_V33(FINAL)

More Stories Below ▼
Expedia and American Airlines Break Through Four Years of Dysfunction
The State of Travel Media 2015
Trend Report

The State of Travel Media 2015

Travel and Hospitality Personalization Is Not a Destination, It’s a Journey
A Marketer’s Cheat Sheet to Creating Engaging Content for Travelers

A Marketer’s Cheat Sheet to Creating Engaging Content for Travelers

Priceline Acquires Australian Restaurant Reservations Platform AS Digital
The Vacation Rental Technology Ecosystem
Trend Report

The Vacation Rental Technology Ecosystem