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Originally Posted by fifidriver
(Post 2794304)
Delta pulled the bid after running up the price. They weren't as stupid and desperate as Alaska to spend a ton of money on Alaska. I am guessing that was their plan all along, some kind of longterm master plan.
"On February 16, 2016, at Alaska Air Group’s direction, representatives of Merrill Lynch and UBS called Evercore and informed them that Alaska Air Group may no longer be willing to offer $44.75 per share in connection with an acquisition of the Company and requested that the Company indicate whether it would be willing to accept a lower offer price. In addition, as of such date, Company C had not expressed any willingness to submit an indication of interest in connection with a potential acquisition of the Company. Company C also informed the Company that it believed regulatory approvals would be lengthy and difficult to obtain in connection with its acquisition of the Company. The closing price of the Company’s common stock on NASDAQ on February 16, 2016 was $29.29 per share. On March 19, 2016, representatives of Company C called Mr. Carty to expressly inform him that Company C would not be contemplating an offer, as Company C did not believe that it would be able to obtain needed regulatory approvals in connection with an acquisition of the Company." The only two airlines that actively bid on VX were AS and B6. |
Originally Posted by Name User
(Post 2794324)
Alaska has less than half the passenger traffic at SEA, adding AA and you are only just above 50%. That's not really "dominating" a hub...
In comparison our hub in CLT has 91% of total traffic. In ORD they are slowly cutting markets as they are sharing with UAL and can't really compete. Same with Phoenix and SWA. LAX is one of their least profitable hubs, actually if you read between the lines they are actually losing money there and in JFK they made money for the first time this past quarter, they've never made any money there since 9/11. Fun fact about SEA, Delta actually carries more international freight there than FedEx. |
Originally Posted by KnockKnock
(Post 2794344)
AS is 51% market share of SEA. Is there a difference between market share and passenger traffic? I figure those to be the same thing.
https://www.portseattle.org/page/airport-statistics |
Well it's official, United Continental Holdings buys Alaska Air Group...
https://wsj.com/uchpurchaseaag2019.php |
Originally Posted by rickair7777
(Post 2794363)
Well it's official, United Continental Holdings buys Alaska Air Group...
https://wsj.com/uchpurchaseaag2019.php https://m.youtube.com/watch?v=RRkriDb8EZU :D |
Originally Posted by Name User
(Post 2794324)
Alaska has less than half the passenger traffic at SEA, adding AA and you are only just above 50%. That's not really "dominating" a hub...
In comparison our hub in CLT has 91% of total traffic. In ORD they are slowly cutting markets as they are sharing with UAL and can't really compete. Same with Phoenix and SWA. LAX is one of their least profitable hubs, actually if you read between the lines they are actually losing money there and in JFK they made money for the first time this past quarter, they've never made any money there since 9/11. Fun fact about SEA, Delta actually carries more international freight there than FedEx. They should have waited to buy all the golf courses though... https://www.mingtiandi.com/real-esta...r-137-million/ |
Originally Posted by PNWFlyer
(Post 2794387)
Alaska has more than half thanks, by 1 percent. Our RJs only run out of half the C gates. Fun fact, only FedEx cares that Delta carries more cargo and it was by tonnage. Also Company C was Hainan, not Delta. Which is why they had regulatory troubles.
They should have waited to buy all the golf courses though... https://www.mingtiandi.com/real-esta...r-137-million/ Freight it measured by tonnage like market share is measured by enplanements. I just thought it was interesting. I have no idea who the bidders were for VX except for jetBlue and my only opinion is Alaska paid way too much but I'm not a M&A guy so who knows. |
Originally Posted by Name User
(Post 2794324)
Fun fact about SEA, Delta actually carries more international freight there than FedEx.
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JetBlue and Alaska?
More stuff circulating on the streets that a merger is in the works behind the scenes with Alaska and JetBlue. Anyone else hearing this?
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Originally Posted by Av8rRr
(Post 2851915)
More stuff circulating on the streets that a merger is in the works behind the scenes with Alaska and JetBlue. Anyone else hearing this?
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