New York City
Wednesday, June 19, 2024
“THE CEO PUBLICATION owns both theceopublication.com and theceopublications.com websites"

Publication

Alaska Airlines to Acquire Hawaiian Airlines in $1.9 Billion Deal

In a significant consolidation within the airline industry, Alaska Airlines has announced a definitive agreement to acquire Hawaiian Airlines for $1.9 billion, including debt. The Deal, expected to close in the second half of 2024, will create the fifth-largest airline in the United States, with a combined network serving 138 destinations across the Americas, Asia, and the South Pacific.

The merger will unite two airlines with complementary strengths and a shared commitment to exceptional customer service. Alaska Airlines is known for its strong performance in the Western United States, while Hawaiian Airlines is the dominant carrier in the Hawaiian Islands.

“This is a historic moment for both Alaska Airlines and Hawaiian Airlines,” said Ben Minicucci, CEO of Alaska Air Group. “By joining forces, we will create a premier airline with a strong presence in the U.S. West, Alaska, and Hawaii.”

The merger is expected to generate significant synergies for the combined airline, including cost savings and revenue enhancements. The combined airline will also have a stronger balance sheet and greater financial flexibility to invest in growth opportunities.

“We are confident that this merger will create long-term value for our shareholders, employees, and customers,” said Peter Ingram, CEO of Hawaiian Holdings. “We are excited to join forces with Alaska Airlines to create a truly special airline.”

The merger is subject to customary closing conditions, including regulatory approvals. If approved, the combined airline will operate under the Alaska Airlines brand and be headquartered in Seattle, Washington.

The merger between Alaska Airlines and Hawaiian Airlines is a significant consolidation within the airline industry. The combined airline will be the fifth-largest in the United States and have a strong presence in the U.S. West, Alaska, and Hawaii.

The merger is expected to generate significant synergies for the combined airline, including cost savings and revenue enhancements. The combined airline will also have a stronger balance sheet and greater financial flexibility to invest in growth opportunities.

The merger is subject to regulatory approvals, and it is possible that the U.S. Department of Justice could challenge the Deal on antitrust grounds. However, the airlines believe that the merger will be approved and they can close the Deal in the second half of 2024.

The merger between Alaska Airlines and Hawaiian Airlines is a significant development in the airline industry. The combined airline will be a major player in the U.S. West, Alaska, and Hawaii, well-positioned for future growth.

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.
Receive the latest news

Request for online magazine

Join Us

Advertise with us

meteroid vecrtor
Receive the latest news

Contact Us