Alaska Airlines Seeks to Acquire Hawaiian Airlines

Alaska Airlines and Hawaiian Airlines may soon merge to become one of the largest air carriers in the world.

Monday, December 04, 2023 at 02:20 PM ET

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The companies expect the proposed acquisition to close in 12 to 18 months. [Courtesy: Alaska Airlines/Hawaiian Airlines]

Key Takeaways:

Alaska Airlines announced plans to acquire Hawaiian Airlines for approximately $1.9 billion, a deal approved by both company boards but awaiting federal regulatory approval.
The merger aims to enhance the travel experience, expand options for West Coast and Hawaii travelers, and provide financial stability for Hawaiian Airlines while maintaining its brand and inter-island services.
Key concerns surrounding the proposed acquisition include potential federal regulatory hurdles due to monopoly fears and complex pilot seniority integration issues.

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Alaska Airlines and Hawaiian Airlines may soon merge to become one of the largest air carriers in the world. On Sunday, Alaska Air Group Inc. (NYSE: ALK) announced plans to acquire Hawaiian Holdings Inc. (NASDAQ: HA).

According to a statement from the air carriers, the Seattle-based airline will “acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt.”