Previous close | 17.32 |
Open | 17.32 |
Bid | 17.98 x 200 |
Ask | 18.04 x 500 |
Day's range | 17.29 - 18.00 |
52-week range | 3.70 - 18.00 |
Volume | |
Avg. volume | 2,207,140 |
Market cap | 936.176M |
Beta (5Y monthly) | 2.41 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 13 Feb 2020 |
1y target est | N/A |
(Bloomberg) -- The US Department of Transportation is giving a green light to the merger of Alaska Air Group Inc. and Hawaiian Holdings Inc. after the carriers agreed to institute new consumer protections, lifting the last hurdle to close the $1.9 billion deal.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetTo Build a Happier City, Design for Densit
The Biden administration is letting Alaska Airlines complete its $1 billion purchase of Hawaiian Airlines after the carriers agreed to certain conditions, including maintaining current service on routes between Hawaii and the mainland U.S. where they don’t have much competition. Transportation Department officials said Tuesday that no obstacles remain to the airlines closing the deal and beginning to merge, although some final approvals were still pending. Alaska Airlines said it expected to close the deal “in the coming days.”
WASHINGTON (Reuters) -The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections. The Justice Department in August opted not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S. airline, to Hawaiian, the 10th-largest carrier. DOT said Alaska and Hawaiian agreed to protect the value of frequent flyer rewards, maintain existing service on key Hawaiian routes to the continental United States and inter-island regions, ensure competitive access at the Honolulu airport and provide travel credits or frequent flyer miles for disruptions that are the fault of the airline.