Virgin America Soars in Market Debut

Shares of Virgin America Inc., a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. U.S. airline stocks hit a 13-year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy. The company's IPO is the first for a U.S. airline since May 2011, when Spirit Airlines Inc...

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