Virgin America reported a $51.8 million net profit for the 2016 third quarter, down 27.9% from a $71.9 million net profit in 3Q 2015. During the quarter, the San Francisco-based carrier reportedly incurred $1.6 million in legal and professional costs related to the merger agreement with Seattle-based Alaska Air Group. Virgin America’s stockholders approved the merger July 26; the transaction is expected to be completed during the fourth quarter, though Alaska Air Group remains in ...

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