Welcome to our dedicated page for Hawaiian Holdings news (Ticker: HA), a resource for investors and traders seeking the latest updates and insights on Hawaiian Holdings stock.
Hawaiian Holdings, Inc. (NASDAQ: HA), through its primary asset Hawaiian Airlines, Inc., provides air transportation services for passengers and cargo. As Hawaii's largest and longest-serving airline, Hawaiian Airlines offers approximately 150 daily flights within the Hawaiian Islands and nonstop services between Hawaii and 15 U.S. gateway cities. Additionally, the airline connects Honolulu with international destinations including Japan, South Korea, China, Australia, New Zealand, American Samoa, and Tahiti.
With a history of excellent service, Hawaiian Airlines has led all U.S. carriers in on-time performance for 18 consecutive years. The company is frequently recognized by consumer surveys from Condé Nast Traveler, Travel + Leisure, and Zagat, ranking it the highest among domestic airlines serving Hawaii.
Hawaiian Airlines recently announced significant developments, including a new daily nonstop service between Salt Lake City (SLC) and Honolulu (HNL), starting May 15, 2024. This expansion aims to strengthen tourism and educational ties, particularly with Utah's sizeable Pacific Islander community. Furthermore, the airline plans to introduce additional routes from Sacramento to Lihue and Kona.
In a strategic move, Hawaiian Holdings and Alaska Air Group announced an agreement in which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash. This acquisition is valued at approximately $1.9 billion and is expected to enhance service options and expand connectivity across the Pacific region and the continental U.S.
Hawaiian Airlines also continues to innovate with technological advancements. A multi-year distribution agreement with Sabre Corporation will integrate Hawaiian's NDC and traditional content into the Sabre GDS, providing richer access to travel agents worldwide. Additionally, Hawaiian Airlines is equipping its fleet with high-speed Starlink internet to enhance passenger experience starting early next year.
Financially, Hawaiian Holdings maintains a solid liquidity position and has shown resilience, even amid challenges such as the Maui wildfires. The company is committed to environmental stewardship, aiming to replace 10% of its conventional jet fuel with sustainable aviation fuel by 2030 and achieve net-zero emissions by 2040.
For more detailed information, visit Hawaiian Airlines’ website and follow their social media updates on Twitter, Facebook, and Instagram.
Hawaiian Airlines has announced the completion of Starlink Wi-Fi installation across its entire Airbus fleet, offering free high-speed internet to passengers on flights between the Hawaiian islands, continental U.S., Asia, and Oceania. The airline, which became the first major U.S. carrier to introduce Starlink in February on its A321neo aircraft, has now equipped all 24 of its A330 planes with the service.
Passengers can connect to Starlink as soon as they board, enjoying internet speeds suitable for working, streaming video, and gaming. Hawaiian Airlines plans to extend the Starlink installation to its Boeing 787-9 fleet but will not deploy the service on its Boeing 717 aircraft used for short inter-island flights.
Alaska Air Group (NYSE: ALK) has completed its acquisition of Hawaiian Holdings (NASDAQ: HA), creating a combined airline with significant benefits for travelers. The merger expands access to 141 destinations, including 29 international markets, and over 1,200 destinations globally through the oneworld Alliance. Key highlights include:
- Maintaining distinct Alaska Airlines and Hawaiian Airlines brands
- Establishing Honolulu as the second largest hub
- Enabling free mile transfers between loyalty programs
- Operating a fleet of 350 aircraft and employing over 33,000 people
- Introducing new benefits for Hawaiian residents and Million Milers
- Commitment to preserving union-represented jobs and community involvement
The combined organization aims to achieve $235 million in run-rate synergies and expects high single-digit earnings accretion within two years.
Alaska Air Group has announced the interim Honolulu leadership team that will guide Hawaiian Airlines operations following the acquisition. Joe Sprague, current Alaska Airlines regional president of Hawai'i/Pacific, will become CEO of Hawaiian Airlines. The team includes several senior executives from Hawaiian Airlines with nearly 65 years of combined experience. This transition follows the regulatory clearance for Alaska Airlines to acquire Hawaiian Airlines, announced in December 2023.
The combined company aims to expand flight options throughout the Pacific region, U.S. continent, and globally. It will operate as one organization with two separate airline operations under two individual operating certificates until the FAA grants a single operating certificate. The merger is expected to strengthen competition, create job opportunities, and maintain commitments to local communities and environmental stewardship.
Hawaiian Holdings (NASDAQ: HA) reported its Q2 2024 financial results, showing a net loss of $67.6 million and diluted EPS of -$1.30. The company's operating revenue increased by 3.5% compared to Q2 2023, with a 4.3% higher capacity. Key highlights include:
1. Launched new routes to Salt Lake City, Sacramento, Kona, and Lihu'e
2. Installed Starlink inflight WiFi on A330 and A321neo fleets
3. Took delivery of third A330-300 freighter from Amazon
4. Pursuing regulatory clearance for merger with Alaska Airlines
5. Exchanged $1,193.7 million of 5.75% Senior Secured Notes for $984.8 million in 11.00% Senior Secured Notes
The company expects Q3 2024 ASMs to increase by 5.5% to 8.5% and full-year 2024 ASMs to grow by 4.0% to 7.0%.
Barclays US Consumer Bank has renewed its long-standing partnership with Hawaiian Airlines, extending their co-branded credit card program. The multi-year agreement covers both consumer and small business credit cards, including the Hawaiian Airlines World Elite Mastercard and the Hawaiian Airlines World Elite Business Mastercard. This partnership, dating back to 2013, offers cardholders benefits such as two free checked bags on eligible flights, a $100 annual companion discount, and a 3/2/1 earn rate on purchases. New cardmembers can earn 70,000 bonus HawaiianMiles after qualifying purchases. The cards feature contactless technology and are made with recovered ocean-bound plastic, aligning with Hawaiian Airlines' commitment to environmental stewardship.
Sabre (NASDAQ: SABR) has become the first Global Distribution System (GDS) to offer NDC content from Hawaiian Airlines. This integration allows Sabre-connected agencies and travel buyers to access Hawaiian's HA Connect™ NDC content alongside traditional ATPCO/EDIFACT content in 32 markets through the Sabre travel marketplace.
Travel agents can now shop, book, and manage Hawaiian Airlines' NDC offers through Sabre's Offer and Order APIs, Sabre Red 360, and GetThere. The partnership aims to enhance the booking experience for travelers and expand access to Hawaiian's unique offers and products. Sabre's marketplace includes content from over 400 airlines, 2M+ lodging options, and hundreds of other travel providers.
Hawaiian Holdings (NASDAQ: HA), the parent company of Hawaiian Airlines, has announced its plans to release its 2024 second quarter financial results after market close on Tuesday, July 30, 2024. The company will host an investor conference call at 4:30 p.m. EDT (10:30 a.m. HST) on the same day to discuss the results.
Interested investors can access the call through a live audio webcast available in the Investor Relations section of Hawaiian's website. For those unable to attend the live event, the call will be archived for 90 days on the company's website, ensuring widespread access to the financial information and discussion.
Hawaiian Airlines announced an exchange offer for its outstanding 5.750% Senior Secured Notes due 2026. The offer includes swapping these notes for new 11.000% Senior Secured Notes due 2029 and cash. Eligible Holders will get $825 in new notes and $175 in cash per $1,000 principal of existing notes if exchanged by July 9, 2024, or $125 in cash if exchanged by July 24, 2024. Nearly 50% of the note holders are expected to participate. The offer is subject to conditions, including a minimum participation threshold. Noteholders who are qualified institutional buyers or non-U.S. persons can participate.
Hawaiian Airlines has expanded its partnership with Plusgrade to enhance its HawaiianMiles loyalty program. This multi-year collaboration will see Plusgrade's loyalty unit, Points, powering the Buy and Gift miles feature, allowing members to purchase and gift miles easily. This initiative aims to increase member engagement and boost ancillary revenue for the airline. Since their initial partnership in 2016, Plusgrade has contributed to Hawaiian Airlines' revenue through the Bid Up Upgrade solution. The new integration consolidates revenue sources, promising greater benefits for both the airline and its customers.
Hawaiian Airlines published its Corporate Kuleana Report emphasizing ESG initiatives for sustainable growth. The report outlines efforts to achieve net-zero carbon emissions by 2050, including investments in SAF and fleet modernization. Hawaiian welcomed new employees, pledged to reduce waste, eliminate single-use plastics, and focus on diversity and community support. The airline also responded to a crisis in Maui with relief efforts and donations.
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