Virgin America is considering a sale.
Bloomberg is reporting that the airline is in the process of making a decision about selling part or all of the company. The source claims Virgin America has already began reaching out to potential buyers.
The stock surged by more than 13% in trading on Wednesday.
The airline is owned by Richard Branson’s Virgin Group. The company went public less than two years ago and was valued at $1.4 billion.
Virgin America is currently responsible for flights to the US and Mexico.
The company is not currently responding to requests for more information.
Shares are up nearly 14% on news of a potential sale. Here’s a quick look at today’s surge in pricing.