Virgin America Stock Takes Off After Buyout Report

Virgin America Inc VA shares are surging on Wednesday following reports that the company is in talks concerning a potential buyout. Sources close to the matter say that Virgin America is reaching out to potential buyers after getting word of takeover interest.

The buyout rumors have sent Virgin America’s stock soaring more than 13.7 percent, but the market doesn’t seem to be spreading the love around to the rest of the airline industry.

Shares of United Continental Holdings Inc UAL, Southwest Airlines Co LUV, American Airlines Group Inc AAL and Delta Air Lines, Inc. DAL are all trading flat to down on Wednesday.

Reports indicate that Virgin America may not choose to pursue the buyout deal, and the company is not commenting on the report. Virgin America only went public about a year and a half ago. After Wednesday’s 13 percent move, shares now trade…

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