Wednesday 23 March 2016 4:02 pm

Virgin America's share price rockets after reports that it is considering a potential sale

Shares in Virgin America surged on Wednesday afternoon after reports that it was considering a potential sale.

The airline, backed by Richard Branson, was reported to be weighing up a potential sale after receiving interest, according to a report from Bloomberg.

Virgin America's share price rose over 13 per cent on the news.

The potential move comes less than 18 months after the airline sold stock in a $353m initial public offering, pricing its shares at $23 each.

The California-based airline was launched in 2007.

In 2015 the company reported total operating revenue of $1.53bn, a 2.7 per cent rise on 2014.