Alaska and the DOJ reached an agreement in principle on the Alaska-Virgin America merger in October, sources say. Then DOJ focused on code-share restrictions.
Alaska Airlines will be the fifth-largest U.S. airline with 6% of capacity after merging with Virgin Atlantic. To become truly national, it may have to merge with JetBlue.
3 Value Stocks for 2017: Alaska Airlines, TEGNA and Lennar Corporation.
By reducing the scope of American's codeshare with Alaska, the DOJ is attempting to preserve Virgin America's competitive approach after Alaska and Virgin merge.