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 companies' boards but contingent on federal regulatory approval.
The merger aims to expand travel options for West Coast and Hawaii travelers, enhance Hawaiian Airlines' financial stability, and maintain its brand and robust inter-island service, with Hawaii becoming a key hub for Japan travel.
Pilots have raised concerns about potential challenges, including significant issues with seniority integration and fears that the merger could create a monopoly, posing a risk to regulatory approval.

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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.”