Stock Market News

Alaska Air to buy Hawaiian Airlines for $1.9 billion

2023.12.03 14:30


© Reuters. File photo: Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia/File pho

(Reuters) – Alaska Air (NYSE:) said on Sunday that it has entered an agreement to acquire Hawaiian Airlines for $1.9 billion, which includes $0.9 billion of Hawaiian Airlines net debt.

Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, the two companies said, adding that the transaction will unlock more destinations and expand access 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 year, it said.

The combined organization will be based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,092.28 4.33%
ethereum
Ethereum (ETH) $ 3,492.43 2.57%
tether
Tether (USDT) $ 0.99914 0.04%
xrp
XRP (XRP) $ 2.30 2.38%
bnb
BNB (BNB) $ 702.84 1.75%
solana
Solana (SOL) $ 198.81 4.24%
dogecoin
Dogecoin (DOGE) $ 0.332919 3.74%
usd-coin
USDC (USDC) $ 1.00 0.04%
staked-ether
Lido Staked Ether (STETH) $ 3,487.83 2.65%
cardano
Cardano (ADA) $ 0.923148 2.54%
tron
TRON (TRX) $ 0.257105 2.29%
avalanche-2
Avalanche (AVAX) $ 41.25 7.00%
chainlink
Chainlink (LINK) $ 24.86 3.45%
the-open-network
Toncoin (TON) $ 5.85 4.17%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,144.42 2.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.66%
sui
Sui (SUI) $ 4.56 1.82%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,721.18 4.27%
hedera-hashgraph
Hedera (HBAR) $ 0.309591 3.88%
stellar
Stellar (XLM) $ 0.388905 5.27%
polkadot
Polkadot (DOT) $ 7.44 2.93%
weth
WETH (WETH) $ 3,492.72 2.56%
hyperliquid
Hyperliquid (HYPE) $ 29.57 1.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 464.14 1.78%
leo-token
LEO Token (LEO) $ 9.55 1.44%
uniswap
Uniswap (UNI) $ 14.20 1.92%
litecoin
Litecoin (LTC) $ 108.17 2.27%
pepe
Pepe (PEPE) $ 0.000019 3.70%
bitget-token
Bitget Token (BGB) $ 5.36 17.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,688.03 2.58%
near
NEAR Protocol (NEAR) $ 5.53 2.27%
ethena-usde
Ethena USDe (USDE) $ 0.998601 0.08%
aave
Aave (AAVE) $ 380.17 0.01%
internet-computer
Internet Computer (ICP) $ 11.35 6.21%
aptos
Aptos (APT) $ 9.71 2.82%
usds
USDS (USDS) $ 0.999349 0.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.519151 3.30%
crypto-com-chain
Cronos (CRO) $ 0.160744 0.26%
vechain
VeChain (VET) $ 0.052042 8.99%
mantle
Mantle (MNT) $ 1.24 4.24%
ethereum-classic
Ethereum Classic (ETC) $ 27.55 1.89%
render-token
Render (RENDER) $ 7.74 0.39%
bittensor
Bittensor (TAO) $ 505.68 2.60%
monero
Monero (XMR) $ 196.49 4.26%
whitebit
WhiteBIT Coin (WBT) $ 24.87 1.91%
mantra-dao
MANTRA (OM) $ 3.75 0.37%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 1.16%
dai
Dai (DAI) $ 0.999875 0.07%
arbitrum
Arbitrum (ARB) $ 0.805083 1.17%
filecoin
Filecoin (FIL) $ 5.37 4.29%