This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Some great news if you’ve been rooting for Alaska Airlines to acquire Virgin America. The two carriers have just received final approval from the US Department of Justice, though Alaska did need to make some concessions. Namely, Alaska will need to discontinue some codeshare flights with American Airlines, though the majority will remain. There will be no changes to interline or reciprocal loyalty benefits at this time (including AA and Delta), and Alaska can continue its relationships with other partners as they currently stand.
As for what’s next? According to the press release:
The company plans to close the transaction in the very near future, taking into account the lawsuit filed by private plaintiffs in U.S. District Court in San Francisco. Lawsuits of this kind are not uncommon with mergers. The company believes the plaintiffs’ claims are without merit and plans to defend its acquisition of Virgin America accordingly.
It’s not yet clear exactly when the deal will close, but pending successful resolution of the aforementioned lawsuit, Virgin America could have a new parent company any day now.
How do you feel about Alaska’s acquisition of Virgin America?
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards