{"id":52375,"date":"2023-12-03T19:44:35","date_gmt":"2023-12-03T19:44:35","guid":{"rendered":"https:\/\/prosfunds.com\/business\/alaska-air-to-buy-hawaiian-airlines-for-1-9-billion\/"},"modified":"2023-12-03T19:44:36","modified_gmt":"2023-12-03T19:44:36","slug":"alaska-air-to-buy-hawaiian-airlines-for-1-9-billion","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=52375","title":{"rendered":"Alaska Air to buy Hawaiian Airlines for $1.9 billion"},"content":{"rendered":"
\n

\n Alaska Air (ALK) on Sunday announced it will buy Hawaiian Airlines (HA) for $1.9 billion.\n <\/p>\n

\n \u201cThis is a fantastic deal that bring two airlines that have amazing loyalties in our regions together,\u201d said Alaska Airlines CEO Ben Minicucci in a news conference, adding that the merger will give customers in both states expanded domestic and international choices.\n <\/p>\n

\n The deal, which is forecast to take nine to 18 months, will see both companies keep their brands, a unique decision that Minicucci and Hawaiian Airlines CEO and President Peter Ingram say was made out of respect for the nearly hundred-year legacy of both airlines and the communities they serve.\n <\/p>\n

\n \u201cIn Alaska Airlines, we are joining an airline that has long served Hawai\u2018i, and has a complementary network and a shared culture of service,\u201d said Ingram. \u201cWith the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand.\u201d\n <\/p>\n

\n Minicucci, who will become the CEO of both airlines, heralded the move as pro-consumer will allow for more robust domestic competition with United, Delta, Southwest and American airlines, which currently own 80% of the market share.\n <\/p>\n

\n The deal comes after JetBlue Airways CEO Robin Hayes testified in federal court in November in an antitrust lawsuit filed by the Justice Department and the attorneys general from six states and the District of Columbia over JetBlue\u2019s proposed $3.8 billion acquisition of\u00a0Spirit Airlines.\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alaska Air (ALK) on Sunday announced it will buy Hawaiian Airlines (HA) for $1.9 billion. \u201cThis is a fantastic deal that bring two airlines that have amazing loyalties in our regions together,\u201d said Alaska Airlines CEO Ben Minicucci in a news conference, adding that the merger will give customers in both states expanded domestic and […]<\/p>\n","protected":false},"author":1,"featured_media":52376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-52375","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nAlaska Air to buy Hawaiian Airlines for $1.9 billion | Prosfunds<\/title>\n<meta name=\"description\" content=\"Alaska Air (ALK) on Sunday announced it will buy Hawaiian Airlines (HA) for $1.9 billion. \u201cThis is a fantastic deal that bring two airlines 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