Alaska Airlines and Hawaiian Airlines have entered into an agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, which includes nearly $1 billion of Hawaiian Airlines net debt.
The combined company will unlock more destinations for consumers and expand choice of critical air service options and access throughout the Pacific region, Continental United States and globally, the company said. Each airline will retain its distinct brand, although will be operated off of the same platform, the company said.
The transaction is expected to enable a stronger platform for growth and competition in the U.S., as well as long-term job opportunities for employees, continued investment in local communities and environmental stewardship, the company said.
It expands the fifth largest U.S. airline to a fleet of 365 narrow and wide body airplanes enabling flyers to reach 138 destinations through a combined networks and more than 1,200 destinations through the oneworld Alliance.
“As airlines rooted in the 49th and 50th U.S. states, which are uniquely reliant upon air travel, Alaska Airlines and Hawaiian Airlines share a deep commitment to caring for their employees, guests and communities. This combination will build on the 90+ year legacies and cultures of these two service- oriented airlines, preserve both beloved brands on a single operating platform, and protect and grow union-represented jobs and economic development opportunities in Hawai‘i, with a combined network that will provide more options and added international connectivity for travelers through airline partners including, the oneworld Alliance.” the companies’ statement said.
“This combination is an exciting next step in our collective journey to provide a better travel experience for our guests and expand options for West Coast and Hawai‘i travelers,” said Ben Minicucci, Alaska Airlines CEO. “We have a longstanding and deep respect for Hawaiian Airlines, for their role as a top employer in Hawai‘i, and for how their brand and people carry the warm culture of aloha around the globe. Our two airlines are powered by incredible employees, with 90+ year legacies and values grounded in caring for the special places and people that we serve. I am grateful to the more than 23,000 Alaska Airlines employees who are proud to have served Hawai‘i for over 16 years, and 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.”
In 2016, Alaska Airlines bought Virgin America for $2.6 billion, in a deal that made Alaska into the fifth-largest airline in America.



