Hawaiian Airlines (HA, Honolulu) parent Hawaiian Holdings saw its stock plummet by 9% on July 25 following reports that the United States Department of Justice (DOJ) is unlikely to approve its proposed USD1.9 billion merger with Alaska Airlines (AS, Seattle Tacoma International) holding Alaska Air Group.
According to financial markets news site Seeking Alpha, traders were reacting to a report by a similar site, CTFN, citing unnamed but well-placed sources as saying that the DOJ was preparing to challenge the merger or block the…
Source: ch aviation
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