Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

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
Ukraine investigating if Russian troops killed surrendering soldiers
next post
US warship shoots down three Houthi drones targeting commercial vessels in Red Sea: CENTCOM

Related Posts

More discounts — and pitfalls — await holiday...

November 30, 2023

Sports bar chain Twin Peaks is going public....

February 1, 2025

Paramount+ to increase prices for its streaming plans

June 25, 2024

CVS responds quickly after pharmacists frustrated with their...

October 1, 2023

Stellantis could close 18 facilities under UAW deal...

September 19, 2023

Disneyland characters and cast members attempt to unionize

April 19, 2024

23andMe files for bankruptcy as co-founder Anne Wojcicki...

March 25, 2025

People are losing more money to scammers than...

August 12, 2023

Aldi to add 800 new U.S. grocery stores...

March 8, 2024

Boeing, NASA say Starliner astronaut launch will move...

May 26, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved