Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
An Hawaiian Airlines plane taxis for position at Kahalui, Hawaii, on the island of Maui, March 24, 2005. Alaska Air Group said Sunday, Dec. 3, 2023, that it agreed to buy Hawaiian Airlines in a $1 billion deal. (AP Photo/Lucy Pemoni, File)
SEATTLE (AP) — Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 billion deal announced Sunday, potentially putting it on track for a clash with a Biden administration wary of higher airfares.
The combined company would maintain both airlines' brands, an unusual move in an industry where waves of acquisitions have led to four big brands dominating the U.S. market. On Sunday, the companies said Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86 after losing just over half its value in the year so far.
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