Merger of Alaska Airlines and Hawaiian Airlines
| Initiator | Alaska Airlines |
|---|---|
| Target | Hawaiian Airlines |
| Type | Merger |
| Cost | US$1.9 billion |
| Initiated | December 2023 |
The merger of Alaska Airlines and Hawaiian Airlines is the proposed acquisition of Hawaiian Airlines by Alaska Airlines to create a combined carrier focused on the West Coast of the United States.[1]
The plan was announced in December 2023 by the airlines whereby Alaska Airlines would acquire shares of Hawaiian for $1.9 billion in cash along with an assumption of approximately $900 million in outstanding debt, valuing the company at $18 per share.[2][3]
The merger would provide Alaska, which is primarily a domestic carrier with narrowbody aircraft, with Hawaiian's widebody jets, pilots, and international networks.[4][5] The deal, if approved by regulators, would retain both Alaska Airlines and Hawaiian Airlines as separate brands. Under the deal, Hawaiian Airlines would become a member of the Oneworld alliance and the two airlines would operate a combined frequent-flier program.[6]
Reactions to proposed merger[edit]
The merger had been speculated on by airline industry analysts for years.[when?][4][7] It is thus far unknown whether an antitrust lawsuit will be initiated by the Department of Justice to prevent further consolidation in the airline sector.[8] The main area of regulatory concern is likely to be that the deal would put about 40% of the traffic between Hawaii and the mainland U.S. in one company's hands.[8]
References[edit]
- ↑ Cabanatuan, Michael. "What could Alaska-Hawaiian airlines merger mean for Bay Area travelers?". San Francisco Chronicle. Retrieved March 4, 2024.
- ↑ "Why the Biden administration may stop the latest airline merger". Christian Science Monitor. ISSN 0882-7729. Retrieved March 4, 2024.
- ↑ Singh, Rajesh Kumar; Khushi, Akanksha; Sen, Anirban; Sen, Anirban (December 4, 2023). "Alaska Air to buy peer Hawaiian for $1.9 billion". Reuters. Retrieved March 4, 2024.
- ↑ 4.0 4.1 Harden, Olivia (December 6, 2023). "Alaska-Hawaiian Airlines merger explained: Cheaper fares, better points, DOJ hurdle". San Francisco Chronicle. Retrieved March 4, 2024.
- ↑ Rajesh Kumar Singh (December 6, 2023). "US airlines' plans for growth constrained by antitrust concerns". Reuters. Retrieved March 4, 2024.
- ↑ "Alaska Airlines and Hawaiian Airlines to Combine, Expanding Benefits and Choice for Travelers Throughout Hawai'i and the West Coast" (Press release). Hawaiian Airlines. December 3, 2023. Retrieved March 4, 2024.
- ↑ Miller, Courtney (December 3, 2023). "Alaska Airlines should buy Hawaiian Airlines – Contrairy Analysis from 2019". Visual Approach Analytics. Retrieved March 4, 2024.
- ↑ 8.0 8.1 Koenig, David (December 4, 2023). "Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?". Associated Press. Retrieved March 4, 2024.
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