Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal
Alaska Air has announced its acquisition of Hawaiian Airlines for $1.9 billion, including $900 million in debt. The deal, which will take between nine and 18 months to complete, will allow both airlines to maintain their brands and expand domestic and international choices for customers. The merger, subject to approval from antitrust regulators, aims to create a stronger competitor to the four major carriers that currently control 80% of the US air traffic. Hawaiian Airlines has been facing financial struggles due to increased competition and rising labor costs, while Alaska Airlines aims to enhance its presence in the Asia-Pacific region.