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ALK Jan 2024 57.500 call
- Yahoo Finance Video
How the Alaska-Hawaiian Air merger can avoid DOJ disruption
Alaska Air Holdings (ALK) is buying Hawaiian Air (HA) in a deal valued at $1.9 billion. But with the Biden administration highly scrutinizing deals, there are concerns about the deal's approval. Noah Phillips, Cravath, Swaine & Moore Partner, joins Yahoo Finance to give insight into the potential uphill battle that Alaska Air may face and what the company could do to deal with a stoic DOJ. Phillips offers advice with what companies could do in this situation: "The best thing that companies can do is muster the facts at hand to show that they really don't compete very much and that the merger of the two companies wouldn't eliminate competition that meaningfully would affect the impact that we all feel as consumers when we fly on airlines everyday." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
What the Alaska-Hawaiian Air merger could mean for consumers
Alaska Air Group (ALK) will buy Hawaiian Holdings (HA) for $1.9 billion, solidifying Alaska Air as the 5th largest US carrier. The merger could face some uphill battles as the Biden administration has pushed back on similar deals such as the one between JetBlue (JBLU) and Spirit (SAVE). But the bigger question for fliers is: what does this deal mean for me? Boyd Group International President Mike Boyd joins Yahoo Finance to give insight into how the deal could shape consumer experience and competition in the travel sector. Boyd explains his cautious optimism for the deal: "For Hawaiian Airlines, which has done a brilliant job of making what historically was, basically, an ongoing bankruptcy airline into a major well-run airline, it's a great thing. But, the issue is they are dependent upon leisure traffic to and from the US and other places in the world. Leisure traffic is the first to go. I'm confident this will work but we may have some ugliness take place in the leisure sector and the first quarter of next year." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Associated Press Finance
Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?
The Biden administration has taken a tough stance against mergers, and it is certain to take a close look at Alaska Air Group's proposed acquisition of Hawaiian Airlines for $1 billion in cash. Alaska Airlines parent Alaska Air Group announced Sunday that it will pay $18 per share for Hawaiian — a huge premium over Hawaiian's closing stock price on Friday. Hawaiian has struggled to recover from the pandemic and new competition from Southwest on intra-islands flights.
