Alaska Airlines Won't Discount Merger Plans | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

Fri, Feb 20, 2009

Alaska Airlines Won't Discount Merger Plans

Delta Alliance Fuels Rumors Of Possible Buyout

Three months after announcing a significant codeshare and marketing alliance with Delta Air Lines, officials at Alaska Airlines say they'd consider a merger with another airline if the right deal were made.

Officials hastened to add, however, that Alaska wants to remain independent and sees no immediate need to rush into a partnership. "Every year there's been a rumor about who is going to buy Alaska and here we are doing well as an independent company," Alaska Airlines CEO Bill Ayer told The Associated Press.

As ANN reported, Delta and Alaska announced an agreement to expand the marketing agreement between both carriers, to make the airlines preferred alliance partners on the West Coast... an area where Delta, the world's largest airline following last year's merger with Northwest, is relatively weak. The alliance gave Delta codeshare access to over 50 destinations out of Los Angeles, and over 100 new destinations from Portland and Seattle.

At the time, Delta CEO Richard Anderson said he had not talked with Alaska's CEO about a possible merger... but since then, Delta hasn't commented further on the matter. On Wednesday, Ayer said of mergers "no company can rule that out" in these challenging economic times.

"You don't know where the world is headed," he added. While stressing Alaska enjoys being an independent entity, Ayer also stated "If there is a better alternative, we will look at that alternative."

Alaska's Chief Operating Officer, Ben Minicucci, was more succinct. "If we run the company the way we're supposed to, we'll remain independent."

In fact, it's Alaska's relatively strong economic performance that has attracted merger buzz. Stock in Alaska Air Group is trading near its 52-week high, an anomaly given the performance of most airline stocks right now. The airline has also posted an annual profit -- albeit one adjusted for certain losses in some years -- since FY 2004.

FMI: www.alaskaairlines.com, www.delta.com

Advertisement

More News

Game-Changing NBAA2014 Sponsor Mid-Continent Instruments and Avionics!

Innovation Brings Safe, Certified, Nanophosphate® Lithium Batteries To New Business Aircraft True Blue Power is the first company in the world to achieve FAA TSO and EASA ETSO >[...]

Airborne at NBAA--10.21.14: NBAA2014 Opens, Eclipse Update, FJ44 TBO Increase

Also: Shuster/Hart Address NBAA, Gogo Means Business, BBJ Maxes Out, Hartzell Pulls Its Weight The NBAA Opening General Session featured two well-known names from Washington. Repre>[...]

Airborne at NBAA--10.20.14: HondaJet, Honeywell Forecast, Gulfstream's G500/G600

Also: Garmin's ADS-B For BizAv, R44s For Jordan, Textron Aviation, Hartzell Props, Clarity Aloft Pro Plus At a news conference early Monday at the 2014 NBAA convention, HondaJet sa>[...]

Airborne at NBAA--10.21.14: NBAA2014 Opens, Eclipse Update, FJ44 TBO Increase

Also: Shuster/Hart Address NBAA, Gogo Means Business, BBJ Maxes Out, Hartzell Pulls Its Weight The NBAA Opening General Session featured two well-known names from Washington. Repre>[...]

ANN's Daily Aero-Linx (10.22.14)

Airport Operators Association - U.K. Founded in 1934, the Airport Operators Association (AOA) is the national voice of UK airports.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC