Virgin America IPO on agenda in a year or two, CEO says
Photo Credit: Virgin America has paused its growth so it can get its financial house in order. Virgin America
Skift Take
Virgin America is showing its first hints of profitability, and has much to prove about its identity and growth path before an IPO can truly be on the table.
Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
The airline reported another annual loss on Monday, but it's aiming for a profit in the second half of the year after reworking debt it owes to Sir Richard Branson's Virgin Group and others. The improved finances should be one step on its way toward a public offering in late 2014 or in 2015, CEO David Cush said in an interview.
A share offering would be a way for Virgin G
