Alaska Airlines buys Hawaiian Airlines
Together, Alaska Airlines and Hawaiian Airlines are expected to enable a stronger platform for growth and competition in the U.S., long-term job opportunity for employees, continued investment in local communities and environmental stewardship.
- Combined company to maintain Alaska Airlines and Hawaiian Airlines’ strong, high-quality brands, supported by a single, compelling loyalty offering.
- As the fifth largest U.S. airline, the combined fleet of 365 narrow and wide body airplanes will enable guests to reach 138 destinations through our combined networks, and more than 1,200 destinations through our oneworld partners.
- Honolulu to become a key Alaska Airlines hub with expanded service for residents of Hawai‘i to the Continental U.S. and creating new connections to Asia and throughout the Pacific for travelers across the U.S.
- Commitment to Hawai‘i remains steadfast, including maintaining Neighbor Island air service, and a more competitive platform to support growth, job opportunities for employees, community investment and environmental stewardship.
- Committed to maintaining and growing union-represented workforce in Hawai‘i.
- Combination will result in immediate value creation with sizable upside. All-cash transaction of $18.00 per share offers attractive premium for Hawaiian Airlines’ shareholders and is expected to be accretive to Alaska Airlines’ earnings in year one with at least $235M of expected run-rate synergies.
As the fifth largest U.S. airline, the combined networks will enable guests to reach 138 destinations directly, including 29 international markets, and more than 1,200 global destinations through the oneworld Alliance.
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