Shares of
Alaska Air Group, Inc. (NYSE:ALK) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 3.38% to close at $87.67. Alaska Airlines has removed its last major hurdle to buying Virgin America. Alaska said Wednesday it agreed to settle a private antitrust lawsuit that threatened to hold up its $2.6 billion purchase of Virgin America. Seattle-based Alaska did not disclose terms of the settlement, which came days before a trial on the lawsuit was planned to begin in federal district court in San Francisco.
The settlement also came a day after the U.S. Justice Department accepted the purchase, but only after Alaska agreed to scale back a partnership it has with American Airlines on some routes. The deal will make Alaska the nation’s fifth-biggest airline, leapfrogging over JetBlue Airways Corp., which also tried to buy Virgin America. Moving forward to saw long-term intention, the experts calculate Return on Investment of 26.90%. The stock i
Routes: New DOT bag rule, United s big fleet overhaul + Alaska, Maui, Swiss, SJC parking
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Alaska Airlines to exit JFK-LAX market
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