Virgin America Gives Few Details About Merger Status in Latest Disclosures
Skift Take
If Virgin America was not expected to merge with Alaska Airlines, analysts likely would fret about Virgin America's falling unit revenue. But since Virgin America is now in limbo, waiting to see if it can close its merger, it's not clear how much the unit revenue decrease matters.
Virgin America made a profit of nearly $52 million with an operating margin of 20.4 percent in what airline executives hope is the company's last quarter as a stand-alone ailrine, according to a Securities and Exchange Commission filing released Wednesday.
The filing comes as Alaska Airlines' planned acquisition of Virgin America has hit a slight snag, with federal regulators still not announcing whether they will clear the deal, or possibly file suit to block it. The U.S. Justice Department may be asking Alaska for concessions to ensure the airline industry remains competitive, as it has done in previous airline mergers. The government sometimes asks airlines to dives
