One of the most compelling investment opportunities now is Alaska Air (ALK), as it gets ready to buy Richard Branson's Virgin America (VA). The merger would create an industry powerhouse.
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.