Virgin America's next destination is Wall Street. The California-based airline filed on Monday for an initial public offering of shares.

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. It is known for offering a variety of perks on its jets, including live TV, movies, leather seats and purple mood lighting. But it's still a small player. Virgin America carried 6.3 million passengers last year, less than 1 percent of the total passengers that flew on U.S. airlines. And its fleet is a tiny fraction of what larger carriers have. For instance, United Airlines has more than 1,200 aircraft in its fleet.

- Associated Press