Alaska Air to Buy Hawaiian Airlines for $1.9 Billion

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Va., on Jan. 24, 2022. Joshua Roberts/Reuters

Alaska Air has agreed to acquire Hawaiian Airlines for $1.9 billion, which includes $900 million of Hawaiian Airlines net debt, the companies said on Sunday, in the latest example of consolidation among U.S. airlines.

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.