What's going on with Alaskan Airlines and American Airlines?
I just read an article on TheStreet where it says:
"Something is potentially going on between Alaska (ALK_) and American Airlines (AAL_) but Alaska executives won't say exactly what it is."
"the two airlines are talking, which isn't surprising given that Delta (DAL_) is engaged in an effort to bulk up its flying into Alaska's Seattle hub and plans to compete with Alaska on a variety of key domestic routes. "
"We're getting to know the new American management team," Harrison said during the call. "I have met with their alliances folks, and we have started discussions about how we might work with the new American."
It's kind of interesting reading between the lines in the article, and it really makes it sound like the two are getting rather cozy.
What do you think, is this just two companies deciding to cooperate to try to "screw" Delta, or is something more going on here?
ALK has been known to enter into codeshare agreements with other airlines rather than join an alliance. Their network would complement AALs nicely. DAL, a long time codeshare partner has been ramping up competition and some think may try and acquire them.