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Alaska Air uninterested in merger proposals

Post by John Gillie / The News Tribune on July 13, 2012 at 10:56 am |
July 13, 2012 11:24 am

SeaTac’s Alaska Air Group was once again in the news this week when American Airlines’ bankrupt parent company mentioned Alaska as one of five potential merger partners.

Alaska’s used to such speculation, which surfaces whenever the airline industry gets in a merging mood.

And Alaska’s stock over the years has undoubtedly benefited from such merger rumors as speculators buy its stock hoping another airline will pay a premium to include Alaska’s network in their own.

But Alaska has shown, contrary to the current Wall Street mantra that you’ve got to be a mega-carrier to survive.

“As a publicly traded company, we don’t comment on specific merger or acquisition proposals involving Alaska Air Group. However, we have said for many years that our preference is to remain a strong, vibrant, independent company. We think our current plan provides the best outcome for all of our stakeholders — including employees, customers and shareholders. We also know our owners need a return on their investment and we’re continually working to deliver adequate levels of profitability so they, too, have confidence that an independent Alaska Air Group is a better outcome for them.”

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