Why Hawaiian Holdings Stock Is Flying High Today

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 ...