Alaska Air Not Planning Merger

In a regulatory filing, the company says it isn't joining the America West deal.
Publish date:

Alaska Air Group

(ALK) - Get Report

, has moved to quash speculation it's interested in joining the merger of

America West



US Airways



In a regulatory filing Friday, the parent of Alaska Airlines said it has "no current plans to become involved in a transaction with America West or US Airways and have not spoken with the investor mentioned in the original news story reporting this rumor."


online edition reported that Alaska Air was considering buying America West in order to grow and avoid becoming a takeover target itself, citing comments by Vincent Carino, the president of Brookhaven Capital Management, which owns shares of America West and Alaska Air.

The airline says it veered from its normal policy of not commenting on industry rumors in order to reassure employees.

Speculation in the wake of the BusinessWeek story appeared to be behind Friday's rally in America West shares, which jumped 33 cents, or 5.4%, to $6.48. Alaska Air stock fell 54 cents, or 1.8%, to $29.91.

Last month America West and US Airways, which is operating under bankruptcy protection, announced they were merging to create a national low-cost, low-fare airline.