Alaska-Hawaiian $1.9B Merger Clears DOJ, Awaits DOT Approval

Aug 20, 2024, 10:47 AM

Alaska Airlines and Hawaiian Airlines are progressing with their $1.9 billion merger after the U.S. Department of Justice (DOJ) decided not to challenge the deal on antitrust grounds. This decision marks a significant milestone for the merger, which now awaits approval from the Department of Transportation (DOT) to proceed. The merger is expected to enhance both airlines' access to more mainland U.S. destinations. Following the DOJ's clearance, Hawaiian Holdings' stock experienced a notable increase.