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Alaska Airlines Clears Final Regulatory Hurdle for Merger With Hawaiian Airlines – RetailWire

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Alaska Airlines Clears Final Regulatory Hurdle for Merger With Hawaiian Airlines – RetailWire


Alaska Airlines released a statement announcing that it has finally achieved the last approval needed to complete its merger with Hawaiian Airlines.

The U.S. Department of Transportation (DOT) has granted an exemption allowing Alaska Airlines to transfer international route authorities as part of its merger with Hawaiian Airlines. This significant regulatory approval clears the way for the completion of the merger.

The DOT’s order includes specific commitments from both airlines that align with Alaska’s stated goals at the time of the merger announcement. These commitments are not expected to affect the anticipated synergies of the merger, which aims to boost competition and increase consumer choice.

Alaska Air Group CEO Ben Minicucci expressed optimism about the merger.

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“We look forward to formally welcoming Hawaiian Airlines’ guests and employees into Alaska Air Group. We sincerely appreciate the exceptional care and service that employees of both companies have continued to show for one another and our guests throughout this process, and the support of both airlines’ labor unions, as we proceed to realize the vision for this combination and build a stronger future together.”

Ben Minicucci, CEO of Alaska Air Group

In other airline-related news, Southwest Airlines is facing a significant challenge from Elliott Investment Management, which is seeking to replace 10 of the airline’s 15 board directors and remove the CEO to improve performance. Elliott’s nominees include former executives from Virgin America and Air Canada.

In an official statement made in August, Southwest Airlines expressed its commitment to constructive engagement with Elliott, noting that after agreeing to a meeting in early September to discuss a collaborative resolution, Elliott instead chose to publicly pursue its agenda for board changes.

The airline emphasized that it remains open to discussions with Elliott regarding shareholder value and will consider the hedge fund’s nominees during its ongoing board refreshment process. At the time, Southwest highlighted its recent efforts to improve governance, having added eight new independent directors in the past three years.

Earlier this month, Southwest announced a significant board restructuring, with six members retiring in November. Additionally, the executive chairman, Gary Kelly, will step down after the 2025 Annual Meeting. The airline plans to bring on four new directors, which will shrink the current number to 12 after Kelly retires.

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Despite facing challenges in the airline sector, Southwest is focused on enhancing financial performance and customer experience, with plans to outline new initiatives at an upcoming Investor Day on Sept. 26. Meanwhile, Elliott holds an approximately 8% stake in the airline, which has seen its shares decline by 12% this year, contrasting with a 14% rise in the S&P 500.



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Alaska

Moderate earthquake strikes south-central Alaska

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Moderate earthquake strikes south-central Alaska


ANCHORAGE, Alaska (KTUU) – A moderate earthquake occurred in south-central Alaska Sunday afternoon, striking at 2:42 p.m.

Its epicenter was located about 24 miles due east of Anchorage with a depth of 18 miles.

No damage or injuries were reported.

See a spelling or grammar error? Report it to web@ktuu.com

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OPINION: CDQ program and pollock fishery are essential to Western Alaska

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OPINION: CDQ program and pollock fishery are essential to Western Alaska


By Eric Deakin, Ragnar Alstrom and Michael Link

Updated: 1 hour ago Published: 1 hour ago

We work every day to support Alaska’s rural communities through the Community Development Quota (CDQ) program and have seen firsthand the lifeline the program provides to our state’s most isolated and economically vulnerable areas.

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This program is one of the most successful social justice programs in the United States, giving rural, coastal communities a stake in the success of the Bering Sea fisheries, and transferring these benefits into community investments. Our fisheries participation provides $80 million to $100 million of programs, wages and benefits into Western Alaska annually, and the full economic reach of the CDQ program is substantially larger when accounting for jobs and support services statewide.

In some communities, CDQs are the largest and only private-sector employer; the only market for small-boat fishermen; the only nonfederal funding available for critical infrastructure projects; and an essential program provider for local subsistence and commercial fishing access. There is no replacement for the CDQ program, and harm to it would come at a severe cost. As one resident framed it, CDQ is to Western Alaska communities, what oil is to Alaska.

Consistent with their statutory mandate, CDQ groups have increased their fisheries investments, and their 65 member communities are now major players in the Bering Sea. The foundation of the program is the Bering Sea pollock fishery, 30% of which is owned by CDQ groups. We invest in pollock because it remains one of the most sustainably managed fisheries in the world, backed by rigorous science, with independent observers on every vessel, ensuring that bycatch is carefully monitored and minimized.

We also invest in pollock because the industry is committed to constantly improving and responding to new challenges. We understand the impact that salmon collapses are having on culture and food security in Western Alaska communities. Working with industry partners, we have reduced chinook bycatch to historically low levels and achieved more than an 80% reduction in chum bycatch over the past three years. This is a clear demonstration that CDQ groups and industry are taking the dire salmon situation seriously, despite science that shows bycatch reductions will have very minimal, if any, positive impact on subsistence access.

The effects of recent warm summers on the Bering Sea ecosystem have been well documented by science. This has caused some species to prosper, like sablefish and Bristol Bay sockeye salmon, while others have been negatively impacted, including several species of crab and salmon. Adding to these challenges is the unregulated and growing hatchery production of chum salmon in Russia and Asia, which is competing for limited resources in the Bering Sea, and increasing management challenges.

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Attributing the current salmon crises to this fishery is misguided and could cause unnecessary harm to CDQ communities. Without the pollock fishery, we would see dramatic increases in the cost of food, fuel and other goods that are shipped to rural Alaska. We would also see the collapse of the CDQ program and all that it provides, including a wide array of projects and jobs that help keep families fed and children in school.

The challenges Alaska faces are significant, and to address them we need to collectively work together to mitigate the impacts of warming oceans on our fisheries, build resiliency in our communities and fishery management, and continue to improve practices to minimize fishing impacts. We must also recognize the vital need for the types of community investments and job opportunities that the CDQ program creates for Western Alaska and ensure these benefits are considered when talking about the Bering Sea pollock fishery.

Eric Deakin is chief executive officer of the Coastal Villages Region Fund.

Ragnar Alstrom is executive director of the Yukon Delta Fisheries Development Association.

Michael Link is president and CEO of Bristol Bay Economic Development Corp.

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The views expressed here are the writer’s and are not necessarily endorsed by the Anchorage Daily News, which welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.





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‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’

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‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’


ANCHORAGE, Alaska (KTUU) – Alaska’s first “flyball” league held its annual “Great Alaska Barkout Flyball Tournament” on Saturday in midtown at Alyeska Canine Trainers.

Flyball is a fast-paced sport in which relay teams of four dogs and their handlers compete to cross the finish line first while carrying a tennis ball launched from a spring loaded box. Saturday’s tournament was one of several throughout the year held by “Dogs Gone Wild,” which started in 2004 as Alaska’s first flyball league.

“We have here in Alaska, we’ve got, I think it’s about 6 tournaments per year,” said competitor and handler Maija Doggett. “So you know every other month or so there will be a tournament hosted. Most of them are hosted right here at Alyeska Canine Trainers.”

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