Alaska Air and Hawaiian Holdings Extend Review for $1.9 Billion Merger Amid DOJ Scrutiny

Jul 30, 2024, 11:06 AM

Alaska Air Group and Hawaiian Holdings have agreed to extend the review period for their proposed $1.9 billion merger amid antitrust scrutiny from the US Department of Justice (DOJ). The decision allows the US government more time to decide whether to oppose the merger. The agreement was confirmed in a filing by Alaska Air Group. The extension comes as both companies face significant regulatory scrutiny over the potential impact of their merger on market competition. Hawaiian Airlines' stock ($HA) rose 11.6% in pre-market trading following the announcement.