Morgan Stanley Upgrades Virgin America (VA) to Equalweight

Sterne Agee CRT Upgrades Virgin America (VA) to Neutral

April 4, 2016 9:26 AM EDT

Sterne Agee CRT upgraded Virgin America (NASDAQ: VA) from Underperform to Neutral with a price target of $57.00.

For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.

Shares of Virgin America closed at $38.90 yesterday.

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Sidoti Downgrades Virgin America (VA) to Neutral

April 4, 2016 9:25 AM EDT

Sidoti downgraded Virgin America (NASDAQ: VA) from Buy to Neutral with a price target of $57.00 (from $44.00).

For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.

Shares of Virgin America closed at $38.90 yesterday.

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Alaska Air Group (ALK) to Acquire Virgin America (VA) in $4B Deal

April 4, 2016 6:04 AM EDT

Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America, Inc. (NASDAQ: VA) today announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4.0 billion. With an expanded West Coast presence, a larger customer base, and an enhanced platform for growth, Alaska Airlines will be positioned to provide more choices for customers, increase... More

Alaska Air nears deal to buy Virgin America for over $2 billion: sources

April 2, 2016 3:09 PM EDT

By Greg Roumeliotis and Jeffrey Dastin

(Reuters) - Alaska Air Group Inc (NYSE: ALK) is nearing a deal to acquire Virgin America Inc (NASDAQ: VA), the ninth-largest U.S. airline by passenger traffic, for more than $2 billion, having outbid JetBlue Airways Corp (NASDAQ: JBLU), people familiar with the matter said on Saturday.

The acquisition would herald the first U.S. commercial airline merger since US Airways and American Airlines combined in 2013 to form the world's largest... More