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

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

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

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