Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across ALASKA AIR's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
2 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
Hawaiian Holdings, Inc. is the parent of Hawaiian Airlines, a more than 90-year-old carrier serving Hawai‘i, the Continental U.S., and destinations across the Pacific and Asia, including extensive Neighbor Island service within the Hawaiian Islands and a fleet that added Boeing 787, Airbus A330 and A321neo widebody and narrowbody aircraft to the combined company. $18.00 per share in cash; transaction value of approximately $1.9 billion, inclusive of approximately $0.9 billion of Hawaiian Airlines net debt.
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. 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.Ben Minicucci — CEO, Alaska Airlines
This is a historic day for Alaska Airlines as we officially join with Hawaiian Airlines. Among Alaska, Hawaiian and Horizon Air, we have more than 230 years of history flying guests and serving communities.Ben Minicucci — CEO, Alaska Air Group (closing announcement, Sept. 18, 2024)
Alaska Air Group closing press release (Sept. 18, 2024): the combined Alaska Air Group airlines fly nearly 1,500 daily flights to 141 destinations including 29 international markets, maintain hubs in Seattle, Honolulu, Los Angeles, San Francisco, Portland, San Diego and Anchorage with Honolulu becoming the second largest behind Seattle, operate a fleet of 350 aircraft, and employ more than 33,000 people.
Virgin America Inc. (NASDAQ: VA) was a California-based airline known for outstanding customer service and low fares, with a strong foundation in California markets including San Francisco and Los Angeles. The combination created the fifth-largest U.S. airline with a fuel-efficient fleet of 286 aircraft, nearly 1,200 daily flights to 118 destinations, and the most West Coast hubs of any airline. $57.00 per share in cash; aggregate transaction value of approximately $4.0 billion including existing Virgin America indebtedness and capitalized aircraft operating leases (equity value approximately $2.6 billion).
Our employees have worked hard to earn the deep loyalty of customers in the Pacific Northwest and Alaska, while the Virgin America team has done the same in California. Together we will continue to deliver what customers tell us they want: low fares, unmatched reliability and outstanding customer service.Brad Tilden — Chairman and CEO, Alaska Air Group
Our mission has always been to create an airline that people love - and we accomplished that while changing the industry for the better. Joining forces with Alaska Airlines will ensure that our mission lives on, and that the stronger, combined company will continue to be a great place to work and an airline that focuses on an outstanding travel experience.David Cush — President and CEO, Virgin America
Alaska Air Group closing press release (Dec. 14, 2016): the combination created the fifth-largest U.S. airline with nearly 1,200 daily flights to 118 destinations across the U.S., Mexico, Canada, Costa Rica and Cuba, a fleet of 286 aircraft averaging 8.1 years of age, more than $7 billion in annual revenues, and hubs in Seattle, Portland, Anchorage, San Francisco and Los Angeles.