Why Hawaiian Holdings Stock Is Flying High Today
Alaska Air Group (NYSE: ALK) has cleared a big hurdle in its effort to acquire Hawaiian Holdings (NASDAQ: HA), and the target's stock is taking off as a result.
Shares of Hawaiian traded up 11% on Tuesday morning after the U.S. Department of Justice said it would not challenge the $1.9 billion deal.
Alaska agreed to acquire Hawaiian last December, but that agreement by no means made the merger a foregone conclusion. Regulators have been taking an increasingly skeptical view of airline consolidation. Earlier this year, the Justice Department successfully stopped JetBlue Airways from acquiring Spirit Airlines.
Source Fool.com
Jetblue Airways Corp. Stock
€4.67
0.150%
The sentiment is rather negative at the moment with 8 Sell predictions and 1 Buy predictions.
A potential of -35.8%, resulting from comparing the current price of 4.67 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
