Alaska Air Group to Acquire Virgin America, Creating West Coast's Premier Carrier
Seattle-based carrier to become 5th largest U.S. airline
SEATTLE and SAN FRANCISCO, April 4, 2016 -
Deal combines two leading airlines known for outstanding customer service and low fares.
Alaska Airlines expands its California presence, while creating new opportunities for growth and competition.
Expanded route network benefits customers, with 1,200 daily departures.
Transaction is expected to be accretive to adjusted earnings per share in first full year, increases annual revenues 27 percent to more than $7 billion and offers $225 million total net synergies annually at full integration.
Alaska Airlines Mileage Plan™ to welcome Virgin America Elevate® members.
Company headquarters to remain in Seattle.
Read more: Virgin America Inc ( VA )
Published: 04 April 2016
Written by Editor