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Business Combinations, Asset Acquisitions, and Joint Venture Formation (Tables)
 9 Months Ended
Sep. 18, 2024
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination ntangible assets
Fair Value
Weighted Average Amortization Period
(In millions)
(In years)
Customer Relationships
$295 18
Co-brand Partnerships
112 3
Total finite-lived intangible assets
407 
Hawaiian Trademark
390 
N/A
Slots
2 
N/A
   Total intangible assets
$799 
  
Schedule of Business Acquisitions, by Acquisition
Purchase consideration

Total purchase consideration includes the value of the cash paid for outstanding shares of Hawaiian, accelerated and vested equity awards attributable to pre-acquisition service, and change in control payments. Alaska funded the full transaction with cash on hand. The total purchase price is calculated as follows:
(in millions, except per share price)September 18, 2024
Number of shares of Hawaiian common stock issued and outstanding as of September 18, 2024
52 
Multiplied by cash consideration for each share of common stock per the merger agreement$18.00 
Cash consideration paid for common stock issued and outstanding as of September 18, 2024936 
Cash consideration paid for settlement of equity awards and change in control payments41 
Total purchase consideration
$977 
  
Business Acquisition, Pro Forma Information  
The pro forma information includes adjustments for merger-related costs of $146 million assumed to have been incurred on January 1, 2023.
Three Months Ended September 30,Nine Months Ended September 30,
 (in millions)2024202320242023
Revenue$3,739 $3,566 $10,244 $9,918 
Net Income
270 90 197 (65)