The task can be easy done by sed
sed '
N #append next line (operate with `line1\nline2`);
/\nalt_id/s/\([^0-9]*\)\n.*/&\1/
#if next line starts with `alt_id` the append end of present line
P #print present line (all before `\n`)
D #remove all before `\n`, starts from begin with remain part (line2)
' file
Other way is use hold-space
sed '
/^alt_id:/G #if line starts by `alt_id:` append hold-space
s/\n// #remove `\n`ewline symbol
t #if removing success pass further commands (go to end)
h #if no (for other lines) copy it to hold-space
s/\S*// #remove all non-space symbols from start till first space
x #exchange hold-space and pattern-space ==
#+put resedue into hold-space and return full line
' file