As Alaska Airlines (ALK) is set to buy Hawaiian Airlines (HA) for $1.9 billion, the Federal Trade Commission (FTC) is investigating Exxon's (XOM) planned merger with Pioneer Natural Resources (PXD). S&P Global Market Intelligence Editorial Lead Joe Mantone examines M&A activity in 2023, discussing with Yahoo Finance the conditions that could boost or hurt M&A forecasts for the new year. "Something that could help M&A in 2024 is if... [interest rates] stop rising, if they stay at an elevated rate without increasing, that can help boost M&A activity," Mantone says. "Just because buyers have a better idea of what their financing is going to cost." Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
Alaska Air's (ALK) fleet size will increase considerably if the deal to buy HA materializes. Upbeat air-travel demand aids Ryanair's (RYAAY) November traffic.
An off-duty Alaska Airlines pilot accused of trying to disable a jet's engines during an October flight was indicted by a grand jury, a district attorney said on Tuesday. The Multnomah County, Oregon grand jury charged Joseph Emerson with one count of endangering an aircraft and 83 other counts of recklessly endangering another person but decided on Monday that Joseph Emerson did not attempt to injure anyone, and therefore declined to charge him with the 83 counts of attempted murder originally sought by the state, the pilot's lawyer said in a statement. Emerson, who was riding as a standby employee passenger in the cockpit "jump seat" of the Oct. 22 Horizon Air flight, en route from Everett, Washington, to San Francisco, when the airborne altercation occurred, authorities said.