Alaska/Hawaiian by numbers

The Alaska/Hawaiian deal keeps getting attention as analysts and media dig into whatever data they have. We published some thoughts on the deal based on the conference call here.  As expected, both CEOs want to tout the win-win for investors.

The more one searches for information, the more questions emerge.  The first goal of every merger is the search for synergies.  The synergies are designed to show that the combined enterprise can drive down costs and be more efficient.  If the merged enterprise can deliver more for less, it’s a win for shareholders.