Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
Published On Sep 17, 2024, 3:00 PM
The Transportation Department has approved the acquisition of Hawaiian Airlines by Alaska Airlines for $1.9 billion, marking the first major U.S. airline merger in nearly a decade. To gain approval, both airlines agreed to maintain loyalty points, service certain routes, and adhere to customer service guarantees. The merger is expected to close soon, allowing Alaska Airlines to expand its operations and market share significantly.
Stock Forecasts
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The merger is likely to strengthen Alaska Airlines' competitive position on the West Coast and in the international market, particularly in Asia. This growth could attract more investors and increase stock value over time.
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