For several weeks now there has been speculation of Virgin America looking to be taken over. Just about the entire US airline industry is profitable accurate now,so I guess Virgin America thinks they're at the top of their game, since they weren't doing very well financially prior to the pat couple of years.On Saturday it was reported that a merger between Alaska and Virgin America would be announced shortly, and a deal which was expected to be worth $2 billion.
Well,that's even closer to being confirmed at this point, though the price is even higher. It's now being reported that Alaska will announce a $2.5 billion purchase of Virgin America tomorrow (Monday). That's insane. Per The Wall Street Journal:The post This Is INSANE: Alaska To Buy Virgin America For *$2.5 Billion* appeared first on One Mile at a Time.
Source: boardingarea.com