Acquisition of Hawaiian by Alaska
CREATING VALUE FOR ALL STAKEHOLDERS
+ OUR PEOPLE
Respect retained role as top local
employer, sustain and grow local union-
represented jobs in Hawai'i
Expand career opportunities and access
to workforce development programs
Competitive pay and benefits
Stronger platform to compete and grow
OUR OWNERS
Accretive to earnings and ROIC for Alaska
shareholders while maintaining a strong
balance sheet
Attractive valuation relative to precedent deals
Consistent with long-term strategy, value
creation and financial objectives
Attractive premium for Hawaiian shareholders
+ OUR GUESTS
Sustains two highly-respected brands with
expanded choice
138 direct destinations in combined network and
1,200+ globally through oneworldⓇ alliance
Increases service and access for Hawai'i resident
travelers; maintains robust Neighbor Island
service; increases air cargo service
Diverse and complementary product offerings
serves broad range of guests
Enhances loyalty program benefits
OUR COMMUNITIES
Increased investment in a vibrant future for
Hawai'i
Maintain strong local presence with key
Honolulu hub, regional leadership, and
headquarters
Commitment to regenerative tourism and
investment in the perpetuation of Hawaiian
language and culture
Environmental stewardship and sustainability
COMMITMENT TO HAWAI'I
PROFITABLE
GROWTH
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