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☆ Alaska Air to buy Hawaiian Airlines for $1.9 billion
▼ + stars: | 2023-12-03 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —Alaska Air (ALK) on Sunday announced it will buy Hawaiian Airlines (HA) for $1.9 billion. “This is a fantastic deal that bring two airlines that have amazing loyalties in our regions together,” said Alaska Airlines CEO Ben Minicucci in a news conference, adding that the merger will give customers in both states expanded domestic and international choices. The deal, which is forecast to take nine to 18 months, will see both companies keep their brands, a unique decision that Minicucci and Hawaiian Airlines CEO and President Peter Ingram say was made out of respect for the nearly hundred-year legacy of both airlines and the communities they serve. “In Alaska Airlines, we are joining an airline that has long served Hawai‘i, and has a complementary network and a shared culture of service,” said Ingram. “With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand.”Minicucci, who will become the CEO of both airlines, heralded the move as pro-consumer will allow for more robust domestic competition with United, Delta, Southwest and American airlines, which currently own 80% of the market share.

Persons: ”, Ben Minicucci, Peter Ingram, Ingram, “, Minicucci, Robin Hayes, JetBlue’s Organizations: CNN, Alaska, Sunday, Hawaiian Airlines, Alaska Airlines, United, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines Locations: “, Delta, Southwest

☆ Alaska Airlines says it's buying Hawaiian Airlines in $1.9 billion deal
▼ + stars: | 2023-12-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The combined company will be based in Seattle, where Alaska Airlines is headquartered, and led by its CEO, Ben Minicucci. "With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand," Peter Ingram, CEO of Hawaiian Airlines, said in the release. The combination will allow Alaska Airlines to triple nonstop or one-stop flights from the Hawaiian islands to destinations throughout North America.

Persons: Ben Minicucci, Peter Ingram, Minicucci Organizations: Hawaiian Airlines, San Francisco International Airport, Alaska Airlines, North America . Alaska Airlines, Airlines Locations: Alaska, San Francisco , California, United States, West Coast, Seattle, North America, Hawai'i, Maui

SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. The combined airline would be based in Seattle, with Alaska Airlines CEO Ben Minicucci at its head. Both Hawaiian and Alaska are leading airlines flying between Hawaii and the U.S. mainland, which could raise concerns about lessened competition. The Alaska and Hawaii companies expect the deal to close in 12 to 18 months.

Persons: Ben Minicucci, they're “, Minicucci, Biden Organizations: SEATTLE, Alaska Airlines, Hawaiian Airlines, Biden, oneworld Alliance, American Airlines, British Airways, Cathay, Cathay Pacific ., Pacific, Inter, Island Airways, ”, Hawaiian Holdings, Sprit Airlines, Justice Department, JetBlue, U.S . Department of Transportation Locations: Alaska, Seattle, Cathay Pacific, Cathay Pacific . Alaska, United States, Americas, Asia, Australia, Honolulu, Hawaii, North America, Hawai'i, aloha, U.S

☆ Hawaii travel rebounding following Maui wildfires, says Alaska Airlines' Ben Minicucci
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHawaii travel rebounding following Maui wildfires, says Alaska Airlines' Ben MinicucciCNBC's Phil Lebeau and Ben Minicucci, Alaska Airlines CEO, join 'The Exchange' to discuss Alaska's Q3 earnings miss, headwinds from the Maui fires and high oil prices, and the state of domestic flight demand.

Persons: Ben Minicucci, Phil Lebeau Organizations: Hawaii, Maui, Alaska Airlines, Alaska Airlines CEO

☆ Airlines say domestic fares are sliding and threatening to chill record revenue growth
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Southwest Airlines , Alaska Airlines and American Airlines are among the carriers that have forecast slower revenue growth or weakness for the third quarter, despite strong demand. The NYSE Arca Airline index is down more than 6% this week, slimming its gains to 37% so far this year. Southwest on Thursday said it expects unit revenue to drop as much as 7% in the current quarter from a year ago on a 12% increase in capacity. An airline's revenue per available seat mile is a measure of how much a carrier generates compared with how much capacity they're offering. Meanwhile, Alaska Airlines this week forecast third-quarter revenue ranging from flat to up 3% and unit revenues down about 9% "at the midpoint," with capacity up as much as 13% compared with last year.

Persons: Hopper, Ben Minicucci Organizations: Southwest Airlines, Alaska Airlines, American Airlines, NYSE, Airline, Domestic, Southwest, Delta Air Lines, United Airlines Locations: airfare, Dallas, Alaska, Europe, Asia

July 26 (Reuters) - Boeing's (BA.N) first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects the Federal Aviation Administration to certify the MAX 7 and begin FAA certification flight testing for the MAX 10 in 2023, the company said. MAX 10 is currently slated for first delivery in 2024. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the top and bottom of the narrowbody markets. Boeing must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10.

Persons: Dave Calhoun, Mike Fleming, Boeing's, Bob Jordan, Ben Minicucci, Valerie Insinna, David Shepardson, Chris Reese, Nick Zieminski Organizations: SEC, Boeing, Federal Aviation Administration, FAA, Airbus, Southwest Airlines, Wall, Reuters, Airbus ’, Southwest, Alaska Airlines, Thomson Locations: Washington

☆ Despite travel demand Alaska Airlines is seeing a loss in pricing power: Alaska CEO Ben Minicucci
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite travel demand Alaska Airlines is seeing a loss in pricing power: Alaska CEO Ben MinicucciCNBC's Phil LeBeau with Ben Minicucci, CEO of Alaska Air, join 'The Exchange' to discuss a surge in international travel, Alaska Air's guidance leading to a slump in share prices, and how climatic extremes are causing headwinds to business performance.

Persons: Ben Minicucci, Phil LeBeau, headwinds Organizations: Alaska Airlines, Alaska Air Locations: Alaska

☆ Alaska Airlines CEO 'anxious' for Boeing 737 MAX 10 deliveries
▼ + stars: | 2023-06-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, June 21 (Reuters) - Alaska Airlines (ALK.N) is "anxious" to begin taking deliveries of the larger Boeing 737 MAX 10 to help it carry more passengers once the plane is certified, the carrier's CEO Ben Minicucci said on Wednesday. Boeing (BA.N) must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10. In October, Alaska Airlines said it was exercising options to purchase 52 MAX aircraft for delivery between 2024 and 2027 and secured rights for 105 more planes through 2030. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the smaller and larger ends of the narrowbody market. Minicucci said Alaska has a good relationship with Boeing, which builds the MAX near its Seattle headquarters and has been transparent about supply chain issues.

Persons: Ben Minicucci, Minicucci, David Shepardson, Chris Reese, Jamie Freed Organizations: Alaska Airlines, Boeing, Federal Aviation Administration, Airbus, Thomson Locations: Alaska, Seattle

☆ Alaska Airlines is getting rid of the self-serve airport kiosks that print boarding passes
▼ + stars: | 2023-04-24 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Alaska Airlines is removing check-in kiosks as part of a $2.5 billion overhaul of its airport lobbies. Alaska Airlines has started removing kiosks to print boarding passes at airports, as part of a $ 2.5 billion investment in its passengers' "lobby experience." QR codes in airport lobbies will prompt passengers to get a boarding pass on their phones if they arrive without one, an Alaska Airlines representative told Insider. Kiosks have already been removed at nine airports: Portland International Airport in Oregon, Boise Airport, Cleveland Hopkins International Airport, Indianapolis International Airport, Harry Reid International Airport in Las Vegas, Missoula International, Ontario International, Palm Springs International, Rocky Gutierrez Airport in Sitka, Alaska. Alaska Airlines is a passengers' favorite in terms of customer satisfaction, according to a recent survey.

☆ Alaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2Alaska Airlines CEO Ben Minicucci and CNBC's Phil Lebeau join 'The Exchange' to discuss Alaska's wider than expected Q2 earnings loss, the factors complicating Alaska's earnings picture, and strategic investments towards upgrading airline technology infrastructure.

☆ Alaska Airlines CEO: We see upside in the business recovery in West Coast travel
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines CEO: We see upside in the business recovery in West Coast travelAlaska Air CEO Ben Minicucci joins 'The Exchange' to discuss the company's quarterly earnings results, how much storms in California impacted the company's business, and more.

☆ Alaska Air CEO: It was a great third quarter, a record revenue quarter for us
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Air CEO: It was a great third quarter, a record revenue quarter for usCNBC's Phil LeBeau joins 'The Exchange' to speak with Alaska Air CEO Ben Minicucci to discuss the companies earnings report and why the company's stock is taking a hit.

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