Alaska Air Group Inc Investor Call Transcript
Good afternoon, ladies and gentlemen, and welcome to the Alaska Airlines conference call. (Operator Instructions) Today's call is being recorded and will be accessible for future playback at alaskaair.com. After our speaker's remarks, we will conduct a question-and-answer session for analysts.
I would now like to turn the call over to Ryan St. John.
Thank you, operator, and thanks to everyone who has joined us on short notice for our call this evening. Today, we announced that Alaska Airlines has reached a definitive agreement to acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, subject to regulatory approvals and customary closing conditions. The combined entity will have more than $13 billion in revenues, over 360 aircraft, and 31,000 employees.
At a transaction multiple of 0.7 times revenue, this deal represents highly attractive economics and will position Alaska as a market leader in a premium global leisure
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