SWA buyout?
04-01-2019 | 07:15 PM
#311
Banned
Joined: Dec 2005
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"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.
04-01-2019 | 07:20 PM
#312
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Joined: Feb 2018
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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.
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.
04-01-2019 | 07:43 PM
#313
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Joined: Mar 2014
Posts: 4,110
Likes: 290
https://www.portseattle.org/page/airport-statistics
04-01-2019 | 08:01 PM
#314
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,841
Likes: 652
From: Engines Turn or People Swim
Well it's official, United Continental Holdings buys Alaska Air Group...
https://wsj.com/uchpurchaseaag2019.php
https://wsj.com/uchpurchaseaag2019.php
04-01-2019 | 08:34 PM
#315
Gets Weekends Off
Joined: Feb 2006
Posts: 6,248
Likes: 0
From: 767A (Ret)
Well it's official, United Continental Holdings buys Alaska Air Group...
https://wsj.com/uchpurchaseaag2019.php
https://wsj.com/uchpurchaseaag2019.php
https://m.youtube.com/watch?v=RRkriDb8EZU
04-01-2019 | 09:31 PM
#316
Line Holder
Joined: Feb 2015
Posts: 1,623
Likes: 143
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.
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/
04-02-2019 | 04:53 AM
#317
Gets Weekends Off
Joined: Mar 2014
Posts: 4,110
Likes: 290
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/
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.
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