Virgin America Inc (NASDAQ:VA) stock is skyrocketing after the company announced that a potential sale is in order.
The company is working with a financial advisor and seeking a buyer to acquire Virgin America. However, it may not choose to sell if it doesn’t find a good deal on the table.
The airline said it will either sell the entire company or not sell at all. Virgin America reported revenue of $1.53 billion for the fiscal year 2015, exceeding the 2014 total by about 3%.
Additionally, the company posted a $190.3 million profit in the fourth quarter of 2015, exceeding the year-ago period’s profit of $3.9 million.
VA stock is up 13% Wednesday.
