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Stock impact report

Alaska Airlines' $1 billion purchase of Hawaiian Airlines gets Biden administration nod [Fortune]

Hawaiian Holdings, Inc. (HA) 
Last hawaiian holdings, inc. earnings: 1/30 04:01 pm Check Earnings Report
Company Research Source: Fortune
conditions, including maintaining current service on routes between Hawaii and the mainland U.S. where they don't have much competition. Transportation Department officials said Tuesday that no obstacles remain to the airlines closing the deal and beginning to merge, although some final approvals were still pending. Alaska Airlines said it expected to close the deal “in the coming days.” Alaska's stock closed down 1%, while shares in Hawaiian Holdings rose 4% to $18, the price per share that Alaska agreed to pay for its smaller rival. The decision to clear the way for the airlines to merge stands in contrast to the administration's adamant opposition to previous airline deals. The Justice Department successfully sued to block JetBlue from buying Spirit Airlines for $3.8 billion, and it went to court to kill a partnership between JetBlue and American Airlines The Justice Department could still challenge the Alaska-Hawaiian deal, but that appeared unlikely. The Transportatio Show less Read more
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