LoyaltyLobby
  • News
  • Hotel Promos
    • Accor
    • Best Western
    • Radisson Rewards
    • Choice
    • Fairmont
    • Hilton
    • World of Hyatt
    • IHG Rewards
    • Marriott
    • Ritz-Carlton
    • Starwood
    • Wyndham Rewards
  • Reviews
  • Contact Us
  • Blog View
  •  
LoyaltyLobby
  • News
  • Hotel Promos
    • Accor
    • Best Western
    • Radisson Rewards
    • Choice
    • Fairmont
    • Hilton
    • World of Hyatt
    • IHG Rewards
    • Marriott
    • Ritz-Carlton
    • Starwood
    • Wyndham Rewards
  • Reviews
  • Contact Us
  • Blog View
  •  
LoyaltyLobby
No Result
View All Result
ADVERTISEMENT

Virgin America Up For Sale!

by John Ollila
March 24, 2016
Reading Time: 2 mins read

Virgin America, San Francisco based airline that started flying in 2007, is up for sale after having its fist profitable fiscal year in 2015.

Virgin America For Sale

The airline operates 60 Airbus A320 narrow body aircraft and is adding five planes to its fleet this year.

You can access Bloomberg article about this sale here and Forbes one here.

ADVERTISEMENT

Here’s an excerpt from Bloomberg:

Virgin America Inc., the airline backed by U.K. billionaire Richard Branson, is reaching out to potential buyers about a sale of part or all of the company, people with knowledge of the matter said.

The carrier, which flies to destinations throughout the U.S. and Mexico, is working with a financial adviser after receiving takeover interest, the people said, asking not to be identified as the matter is private. No decision has been made, and Virgin America may choose not to pursue a sale, they said.

And here’s from Forbes:

Cyrus Capital and Branson’s own Virgin Group would appear to be behind the news Wednesday that Virgin America is for sale,  in whole or in part. After eight years of hand-to-mouth existence, Virgin America earned $201.5 million profit in 2015. By comparison to other U.S. carriers’ double-digit profit margins (aided by the collapse of global oil prices in 2015) Virgin America’s 0.01 percent net profit margin was embarrassingly thin.

Conclusion

It will be interesting to see who ends up buying Virgin America (let’s hope that the buyer isn’t American, Delta or United) and what will happen to their product.

The airline has had a rocky start and unprofitable for a while. The collapse of the oil helped its to reach profitability in 2015.

Nothing good has come to the consumers from the airline merger mania over the past 10 years besides higher prices, worse loyalty programs and more no frills fares.

Previous Post

Hyatt Gold Passport Stay More Play More-Promotion For Up To 75,000 Bonus Points April 1 – June 30, 2016

Next Post

Starwood Preferred Guest (SPG) 2016 Gold & Platinum Challenge

Related Articles

Virgin America Elevate

Virgin America Elevate Most Partnerships Ending On September 30, 2017

John Ollila
June 15, 2017

Virgin America Elevate today made an announcement that it would end most partnerships effective September 30, 2017. Elevate program itself...

alaska-airlines-virgin-america-email

Bloomberg News: “Branson Hints at New U.S. Airline Venture After Alaska Spat”

John Ollila
May 21, 2017
3

Seems that Richard Branson's Virgin Group and Alaska Airlines are having disagreement how long Alaska is required to pay licensing...

New Offer For Dormant Virgin America Members: 5,000 Alaska Mileage Plan Miles For The First Flight Activity

New Offer For Dormant Virgin America Members: 5,000 Alaska Mileage Plan Miles For The First Flight Activity

Sebastian Powell
April 4, 2017
1

Virgin America Elevate has sent an email to some of their dormant members (myself included) offering 5,000 Alaska Mileage Plan...

Upgrade Your Travel IQ

Make the most of your travel with our free and daily newsletter with the latest hotel and airline news and promotions.

We do not sell or share email addresses.

ADVERTISEMENT

Trending

Hilton Honors “Points In The City” 2,500 Bonus Points Per Stay February 3 – May 1, 2022
Hilton Honors

Hilton Negotiated Rates For Business & Leisure Travel

May 26, 2022
Hertz Gold Plus Rewards Member Tier Extension Through January 2022
Hertz

Reader Email: Hertz Return Scam In Germany

May 25, 2022
Hilton Go Employee And Friends & Family Rate Plans
Hilton Honors

Hilton Go Employee And Friends & Family Rate Plans

July 25, 2021
New Japan Coronavirus Travel Restrictions Effective March 9, 2020
Travel News

Japan Allows International Visitors On Package Tours From June 10, 2022

May 26, 2022
Thailand Contemplates Scrapping “Thailand Pass” Entirely
Featured

Thailand Pass Changes June 1, 2022 (Gone For Thais)

May 20, 2022

Top Categories

  • IHG Rewards Club
  • Hilton Honors
  • Marriott Bonvoy
  • Accor ALL
  • Airfare Of The Day
  • Starwood Preferred Guest (SPG)
  • Hyatt – World of Hyatt
  • American Airlines – AAdvantage
  • Travel News
  • United Airlines – Mileage Plus
ADVERTISEMENT

All Categories

In Case You Missed It

Radisson Rewards Americas 35% Off Hot Hotel Deals Through July 2, 2022 (Book By June 12)

Radisson Rewards Americas 35% Off Hot Hotel Deals Through July 2, 2022 (Book By June 12)

May 26, 2022
UPDATE On Stay Postings For “Work From Hyatt” Elite Qualifying Day Rates (Sub $50) In Bangkok

Reader Question: How To Deal With Stolen Cash From In-Room Safe? (Grand Hyatt Erawan Bangkok)

May 24, 2022
Airfare of the Day [Business Class] AIR CANADA San Francisco to Rome from $2,363

Airfare of the Day [Business Class] AIR CANADA San Francisco to Rome from $2,363

May 21, 2022
Buy US$10,000 (THB 350,000) Worth Of Thai Airways Credits & Receive Two Years Royal Orchid Plus Gold Status

Buy US$10,000 (THB 350,000) Worth Of Thai Airways Credits & Receive Two Years Royal Orchid Plus Gold Status

May 25, 2022
Choice Privileges Eat & Earn Launch

Choice Privileges Eat & Earn Launch

May 24, 2022
ADVERTISEMENT

Since 2011, we have been helping millions of visitors like you untangle travel loyalty programs for free upgrades, flights and hotel nights.

Facebook Twitter Youtube Instagram

Site Navigation

  • About LoyaltyLobby
  • News
  • Reviews
  • Airfares
  • Contact Us

Hotel Promotions

  • Accor
  • Hilton
  • IHG Rewards
  • Marriott
  • World of Hyatt

Sign Up For Our Newsletter

Our free daily newsletter sends you the latest information on hotel and airline programs.

We do not share or sell email addresses.

Site & Contents ©2011-2022 LoyaltyLobby.com
Terms of Use & Privacy Policy

  • News
  • Hotel Promotions
    • Accor
    • Best Western
    • Choice
    • Fairmont
    • Hilton
    • IHG Rewards
    • Marriott
    • Radisson Rewards
    • Ritz-Carlton
    • Starwood
    • World of Hyatt
    • Wyndham Rewards
  • Reviews
  • Contact Us
  • Blog View
No Result
View All Result

© 2011–2021 LoyaltyLobby.com - Site & Contents