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Wednesday, March 5, 2014

Virgin America looks to acquire Dallas Love Field gates, (NASDAQ: AAL), (NYSE: DAL)

Virgin America said on Wednesday it was planning to bid for two gates at Dallas Love Field airport that American Airlines Group Inc has agreed to shed as part of its merger agreement with the U.S. Department of Justice. San Francisco-based Virgin America, a carrier in which Richard Branson's Virgin Group holds a minority stake, said the gates would be used to add new services from Love Field to airports such as New York's LaGuardia, Ronald Reagan Washington National and Chicago O'Hare.Virgin America added that if its bid was successful, it would move its operations at the larger Dallas Fort Worth International Airport to Love Field.Southwest Airlines, the dominant carrier at Dallas Love Field, and Delta Air Lines have also expressed interest in the two gates at Love Field, an airport that is closer to the downtown area than DFW.American Airlines failed to comment on the gate divestitures.

Anglo American plc (Anglo American) is a mining company. Shares of AAL traded higher by 1.5% or $0.56/share to $37.90. In the past year, the shares have traded as low as $14.25 and as high as $37.46. On average, 13208800 shares of AAL exchange hands on a given day and today's volume is recorded at 1716618.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 1.83% or $0.63/share to $35.08. In the past year, the shares have traded as low as $13.94 and as high as $34.72. On average, 12674100 shares of DAL exchange hands on a given day and today's volume is recorded at 1567913.



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