HomeMarket NewsAlaska Air's Bold Move to Acquire Hawaiian Airlines for $1.9B Sends Shockwaves...

Alaska Air’s Bold Move to Acquire Hawaiian Airlines for $1.9B Sends Shockwaves in the Industry

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Alaska Airlines 737 landing lights.

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In a dramatic turn of events, Alaska Air (NYSE:ALK) dropped a financial bombshell on Sunday by announcing its agreement to acquire Hawaiian Airlines (HA) for $18 per share in cash, catapulting the total value of the transaction to around $1.9 billion, inclusive of debt.

The companies ecstatically highlighted that the merging of their complementary domestic, international, and cargo networks would unleash ferocious competition and significantly broaden the spectrum of choices for consumers on the U.S. west coast and the Hawaiian Islands.

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