NEW YORK (TheStreet) -- Virgin America  (VA) stock is spiking by 13.73% to $34.88 on heavy trading volume this afternoon, as the airline reaches out to potential buyers regarding a sale of part or all of the company, sources told Bloomberg. 

The company is working with a financial adviser after receiving interest in a takeover, Bloomberg adds.

Last month, Virgin America reported record adjusted net income of $201.5 million for 2015. 

Based in Burlingame, Calif., Virgin America provides scheduled air travel in the U.S. and Mexico.

About 2.82 million shares of Virgin America have been traded so far today, well above the company's average trading volume of roughly 661,392 shares per day. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.

Virgin America's strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity are countered by weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: VA

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.