Alaska Airlines buys Hawaiian Airlines for $1.9 BILLION – including $900M in net debt
UK Daily Mail | 12/03/2023 | Mackenzie TatananniAlaska Airlines has entered an agreement to acquire Hawaiian Airlines for $1.9 billion, including $900 million of the carrier’s net debt.
According to Sunday’s announcement, Alaska Airlines will acquire Hawaiian Airlines for $18 per share in cash.
The airlines say the deal will unlock more destinations throughout the Pacific region, continental United States and globally.
The deal is expected to generate high single-digit earnings accretion for Alaska Airlines within the first two years with no anticipated material impact on long-term balance sheet metrics.
‘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.
. . . ah, the obligatory apostrophe in Hawaii . . .
He added: ‘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.’
According to my map of the US, they are both islands, so it makes perfect sense…
So will they spell it Alask’a?
I’m pretty disappointed and will miss the free spam snacks on Hawaiian Airlines.
Well yeah. It’s not an apostrophe, it’s an “‘okina” and indicates a glottal stop. Perfectly legitimate.