Alaska Air and Hawaiian Holdings Extend Merger Review to August 15 Amid Antitrust Scrutiny

Jul 30, 2024, 01:08 PM

Alaska Air and Hawaiian Holdings have agreed to extend the review period for their pending merger with the US Department of Justice (DOJ). The extension, which comes amid antitrust scrutiny, will allow the DOJ more time to decide whether to oppose the merger. The new deadline for the regulator's review is set for 12:01am ET on August 15, 2024. The agreement has had a positive impact on the stock prices of both companies, with Hawaiian Airlines' stock rising by 11.6% in pre-market trading.