Alaska Airlines completes acquisition of Hawaiian Airlines, expands benefits and choice for travelers

The acquisition builds on Alaska’s long-term strategy and financial objectives by further diversifying our revenue base, expanding growth opportunities, increasing the relevance of our network and positioning the combined organization as a leader in the $8 billion Hawaii market.

Our teams have recent integration experience that will be leveraged to deliver at least $235 million in run-rate synergies. We also expect high single-digit earnings accretion within the first two years and mid-teens return on invested capital (ROIC) by year three.

The combination of these synergies, the long-term value of acquiring another top 25 U.S. hub, and Alaska’s historically strong financial performance positions us well to continue to be among the top margin producers in the industry. Our focus will continue to be on disciplined financial management – ​​driven by maintaining one of the strongest balance sheets in the industry, and achieving our long-term margin, returns and free cash flow goals.