California-Based Airline, Virgin America, Files For IPO

By: | July 28th, 2014

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Virgin America filed for an initial public offering of shares this morning, after posting its first annual profit totaling $10.1 million last year.

The company, which currently has a fleet of 53 planes and flies to 22 airports in the United States and Mexico, is looking to grow its $1.42 billion of revenue it reported last year.

At the moment, all we know is that Virgin plans to file for IPO, not when, how many shares, or how much each share will cost.

We will have updates as soon as more details become available.

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