The airlines said Monday they have agreed not to close their $4 billion deal until Oct. 17, delaying the Sept. 30 deadline for regulators to complete their review.
Investors are getting cold feet over whether Alaska's planned $4 billion purchase of Virgin America will pass regulatory muster. Expect a compromise.
Alaska Airlines, looking to become the fifth national airline if a merger with Virgin America is approved, has no plans to operate long-haul international flights.
Zika virus fears are beating down these two intrinsically strong airline stocks. Now's the time to buy them, before these temporary anxieties subside.