Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal

by December 4, 2023
December 4, 2023
Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal

Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast.

The purchase values Hawaiian Airlines at $18 per share, and includes the inheritance of $900 million of the company’s debt, according to a news release Sunday. Shares of Hawaiian Airlines closed on Friday at $4.86, giving the company a market cap of about $250 million.

The transaction is expected to close in the next year or 18 months. The combined company will be based in Seattle, where Alaska Airlines is headquartered, and led by its CEO, Ben Minicucci.

The two airlines said they will aim to “maintain” each of their brand identities but operate under a single platform, combining into a 365-airplane fleet covering 138 destinations.

“With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand,” Peter Ingram, CEO of Hawaiian Airlines, said in the release.

The combination will allow Alaska Airlines to triple nonstop or one-stop flights from the Hawaiian islands to destinations throughout North America.

Alaska Airlines said the deal should bolster earnings within the next two years with at least $235 million of expected “run-rate synergies.”

“We are fully committed to investing in the communities of Hawai’i and maintaining robust Neighbor Island service that Hawaiian Airlines travelers have come to expect,” Minicucci said in the statement.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Tech 5: Sam Altman Back in at OpenAI, Dell Partners with AI Startup
next post
US warship shoots down three Houthi drones targeting commercial vessels in Red Sea: CENTCOM

Related Posts

Kia and Hyundai recall 3.37 million vehicles in...

September 28, 2023

More people are seeking work, but jobs are...

August 5, 2023

McDonald’s revenue disappoints as U.S. sales see worst...

February 11, 2025

Social Security recipients will see a cost-of-living increase...

October 13, 2023

Starbucks will accept reusable cups for drive-thru and...

January 6, 2024

Capital One and Discover merger approved by Federal...

April 19, 2025

Trump says U.S. will impose new tariffs on...

September 30, 2025

Southwest Airlines and pilots’ union reach preliminary labor...

December 21, 2023

MGM Resorts reaches labor deal with Las Vegas...

November 10, 2023

UAW strike would show Biden, other leaders it’s...

September 7, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved