Alaska Airlines will start service to Asia next year

Alaska Airlines said Dec. 10 it will start new service to Tokyo and Seoul next year as part of a plan to boost international flights over the next several years, using the Airbus wide-body aircraft it obtained in its purchase of Hawaiian Airlines.

The airline said it will begin flying between Seattle and Tokyo’s Narita International Airport in May and will add service between Seattle and Seoul in October.

Alaska said it plans to fly from Seattle to at least a dozen international destinations by 2030, including Europe, using large jets owned by Hawaiian, which Alaska bought this year for $1 billion plus taking over Hawaiian’s debt.

Alaska announced the new routes as it raised its fourth-quarter financial outlook and publicized a plan to boost profit by $1 billion over three years. It said greater efficiency from combining with Hawaiian Airlines will save the company at least $500 million by 2027. Alaska also plans to introduce a new premium credit card.

Alaska also announced a plan to spend $1 billion buying back its own stock, which makes investors’ existing shares more valuable.

 

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