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What’s Really Standing in the Way of Finalizing the Alaska-Virgin America Merger

Alaska Airlines won the frenzied bidding war to acquire Virgin America. They likely overpaid, but saw Virgin America -- barely profitable even with low fuel prices -- as the only opportunity to pick up gates at congested airports. The combination makes for the biggest West Coast airline, and buys them a San Francisco hub to diversify away from the intense competition they face from Delta in Seattle.
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