Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny.

Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 billion deal announced Sunday, potentially putting it on track for a clash with a Biden administration wary of higher airfares.

On Sunday, the companies said Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86 after losing just over half its value in the year so far. They also said would create a stronger company to compete with the nation’s Big Four: American Airlines, Delta Air Lines, Southwest Airlines and United Airlines.

However, this deal setting up another potential regulatory battle in the second proposed airline merger in less than two years.

$Alaska Air(ALK)$

$Hawaiian(HA)$

Do you think this would be a good news for $Alaska Air(ALK)$ & $Hawaiian(HA)$ ? What’s next move?

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