Sidoti Downgrades Virgin America (VA) to Neutral
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Alaska Air Group to Acquire Virgin America, Creating West Coast's Premier Carrier
April 4, 2016 6:00 AM EDTSEATTLE and SAN FRANCISCO, April 4, 2016 /PRNewswire/ --
Highlights:
Deal combines two leading airlines known for outstanding customer service and low fares. Alaska Airlines expands its California presence, while creating new opportunities for growth and competition. Expanded route network benefits customers, with 1,200 daily departures. Transaction is expected to be accretive to adjusted earnings per share in first full year, increases annual revenues 27 percent to more than $7 billion and offers $225 million total net synergies annually at full integration. Alaska Airlines Mileage Plan to welcome Virgin America Elevate®... More