Alaska Airlines' Merger with Hawaiian Airlines Clears Regulatory Hurdle

Alaska Airlines announced that its proposed $1.9 billion merger with Hawaiian Airlines has passed a regulatory milestone with the U.S. Department of Justice. The company is now awaiting further steps with the U.S. Department of Transportation. The merger promises expanded destinations and benefits for HawaiianMiles members.

Alaska Airlines announced on Monday that its proposed $1.9 billion merger with Hawaiian Airlines has cleared a significant regulatory hurdle with the U.S. Department of Justice (DOJ). This development follows an earlier agreement to extend the deal's review period.

The announcement led to a nearly 9% increase in Hawaiian Airlines' shares during premarket trading on Tuesday, while Alaska's shares remained stable. Alaska Airlines confirmed that the review period under the Hart-Scott-Rodino (HSR) Act has expired.

The company is now awaiting further steps with the U.S. Department of Transportation (DOT). Hawaiian Governor Josh Green commented that this merger will greatly expand the number of destinations available to Hawaiian residents and maintain the value of HawaiianMiles while offering access to more global destinations.

(With inputs from agencies.)