Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion
@TechnicalHunter:
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