An airline merger is cleared for final approach.Alaska Air Group (ALK -0.47%) has cleared a big hurdle in its effort to acquire Hawaiian Holdings (HA 11.71%), 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.Nearing the finish lineAlaska agreed to acquire Hawaiian last December, but that agreement by no means made the merger a foregone conclusion. Regulators have been ta ...

Key TakeawaysAlaska Air Group said the deadline for the U.S. Department of Justice (DOJ) to review its $1.9 billion purchase of Hawaiian Holdings expired, moving the deal closer to completion.The merger had been delayed as the DOJ looked into possible antitrust issues.The carrier said only the Department of Transportation (DOT) remains to approve the acquisition. Shares of Hawaiian Airlines parent Hawaiian Holdings (HA) took off Tuesday after the U.S. Department of Justice (DOJ) chose not to block Alaska Ai ...

Alaska Airlines and Hawaiian Airlines just took one step closer to a merger, according to statements sent out on Monday. The deal cleared a regulatory obstacle when "the time period for the U.S. Department of Justice to complete its regulatory investigation of the proposed combination of Alaska Airlines and Hawaiian Airlines under the HSR Act" expired, Alaska Airlines said in a statement on its website. The announcement boosted shares of Hawaiian by nearly 9% in premarket trade on Tuesday, while Alaska's sh ...

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Alaska Airlines said that its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust regulators to finish an investigation of the deal ended without a lawsuit to block the deal, eight months after the two carriers announced a $1.9 billion agreement to combine.The two airlines now have to win ...

Key TakeawaysShares of Hawaiian Airlines parent Hawaiian Holdings dropped in intraday trading Monday on worries U.S. regulators will try to stop Alaska Air Group's $1.9 billion purchase of the company.Officials were expected to finish their review and make a decision on Aug. 5, but the deadline was extended three times as negotiations continued.The agreement was first announced in December, sending Hawaiian Holding shares soaring at the time. Shares of Hawaiian Airlines parent Hawaiian Holdings (HA) dropped ...

JHVEPhoto/iStock Editorial via Getty Images I wasn't thrilled with First Hawaiian's (NASDAQ:FHB) immediate prospects when I last covered this bank back in March. The worst of its top line pressure was definitely behind it, but the outlook for revenue was still pretty flat, with management guidance of mid-single-digit growth in core operating expenses ultimately implying fairly weak earnings. The stock has actually done okay since then. Regional banks have pulled back a bit in recent weeks, but a roughl ...

Key TakeawaysShares of Hawaiian Holdings rose Wednesday after the Hawaiian Airlines parent agreed to extend the U.S. Department of Justice's review period of its proposed acquisition by Alaska Air Group.The review period for the $1.9 billion deal was originally set to expire earlier this month, and has so far received two extensions, with the new deadline set for 12:01 a.m. ET Friday.Regulators have ramped up antitrust investigations into the airline industry recently, with DOJ lawsuits leading JetBlue and ...

Matteo Colombo First Hawaiian (NASDAQ:FHB) was founded back in 1858 and is headquartered in Honolulu, Hawaii. It is among the best-known banks in the country, and although it has a significant deposit cost advantage, recent years have not been easy. Seeking Alpha As you can see, since the IPO the price return has been -6.08%, a poor result considering that the S&P500 has experienced one of its most bullish phases ever. In particular, since the Fed has gradually raised rates, it seems to have gotten worse. I ...

Key TakeawaysHawaiian Electric Industries said it might not be able to continue as a going concern because of payments needed to cover a legal settlement from the 2023 Maui wildfires.The company and its Hawaiian Electric unit don't have a plan in place to cover the $1.71 billion litigation costs.The company reported a second-quarter loss of $1.3 billion, mostly related to expenses from the fires. Shares of Hawaiian Electric Industries (HE), or HEI, sank Monday after the utility operator warned it may not be ...

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.Shares of JetBlue Airways Corporation JBLU fell sharply in today's pre-market trading after the company announced a $400 million convertible senior notes offering.JetBlue Airways shares dipped 5.6% to $5.71 in pre-market trading.Here are some big stocks recording losses in today's pre-market trading session.iLearningEngines, Inc. AILE shares declined 25.8% to $4.29 in pre-market trading. ILearningEngines ...