The stock surged by as much as 12% in trading Wednesday after the news.

The company, which is owned by Richard Branson's Virgin Group, went public less than two years ago. It was valued at about $1.4 billion based on the stock's closing price of $30.67 on Tuesday.

It flies to destinations in the US and Mexico.

The company has not responded to Business Insider's request for comment.

Here's a chart showing the stock's spike right after the report on Wednesday:

Investing.com

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