How Profitable Would an Alaska-Hawaiian Merger Be?
Skift Take
Based on calculations of the operating margins of all the major U.S. airlines, a merger between Alaska Airlines and Hawaiian Airlines could be a win-win situation for the two carriers.
A merger between Alaska Airlines and Hawaiian Airlines would place them as the fifth- or sixth-largest airline depending on whether the proposed merger of JetBlue and Spirit goes through.
But that’s based only on revenue.
Where does Alaska-Hawaiian stack up on profitability?
Alaska-Hawaiian together is less profitable than Alaska by itself but significantly more profitable than Hawaiian, which has struggled since the pandemic.
It may seem that H
