Alaska Air Completes Buyout of Hawaiian: What's Next for Investors? [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
Alaska Air Group ALK strengthened its position as the fifth-largest U.S. airline by revenues when it completed the acquisition of Hawaiian Airlines for $1 billion in cash. ALK also assumes about $900 million in Hawaiian debt. The acquisition was completed a day after the last major regulatory obstacle to the deal was overcome when the Department of Transportation or DOT cleared the transaction. The DOT approval did not come without any strings attached to it. The conditions laid down by the regulatory authority include that ALK and Hawaiian Airlines must protect the value of rewards programs as they combine their loyalty programs and maintain the existing service on key Hawaiian routes to the continental United States and inter-island. The carriers agreed to preserve support for rural service, ensure competitive access at the Honolulu hub airport and offer lower costs for military families. Under the conditions laid down by the DOT for the merger, the carriers have to compensate pa
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Earnings
- 8/1/24 - Miss
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- 9/10/24 - Form 8-K
- 8/16/24 - Form 4
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