Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the companies said Sunday. Shares of … Read more
An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters Alaska Air Group‘s executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines’ leaders will now spend many more trying to convince regulators the acquisition … Read more
SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration wary of higher fares in the industry. The combined company would keep both airlines’ brands, rooted in the nation’s 49th and 50th states. … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Willie Walsh, director general & CEO of IATA, discusses the the demand for air travel and weighs in on the outlook for the industry. 02:57 Wed, Dec 6 20239:58 AM EST Read original article here Denial of responsibility! Pioneer Newz is an … Read more
A Boeing 787 ‘Dreamliner’ plane with the logo of tourism giant TUI at Hanover airport in Langenhagen, central Germany. JULIAN STRATENSCHULTE | AFP | Getty Images Shares of Tui were roughly 9% higher mid-morning Wednesday after the German travel group posted full-year results that showed underlying earnings before interest and taxes (EBIT) soared 139%. Revenue rose 11% to 8.5 billion … Read more
American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023. Shannon Stapleton | Reuters Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited capacity, the International Air Transport … Read more
