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