Fitch Affirms Alaska Air at ‘BBB-‘; Outlook Stable

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has removed Alaska Air Group Inc.’s (ALK) ratings from Rating Watch Negative and affirmed the ratings at ‘BBB-‘. The Rating Outlook is Stable. The rating action follows the Department of Justice’s decision, announced on December 6, to allow ALK’s acquisition of Virgin America to proceed, and Alaska’s settlement of a separate civil lawsuit, which was the last significant remaining hurdle to the completion of the acquisition. Fitch expects the transaction w