US airline Virgin America reported a $38.1 million net profit for the 2016 second quarter, down 41.4% from a $65 million net profit in 2Q 2015. The San Francisco-based carrier reportedly incurred $4.4 million in legal and professional costs related to the merger agreement with Seattle-based Alaska Air Group during the second quarter. Virgin America’s 2Q operating revenue was $425.7 million, up 6.2% year-over-year (YOY); total operating expenses for the quarter were $356.6 ...

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