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 is set to resume its five-times-weekly flights between Sydney (SYD) and Honolulu (HNL) starting December 13, 2021. This route had been suspended since March 2020 due to COVID-19 travel restrictions. The restart aligns with the easing of border restrictions in Australia, which follows the implementation of a national vaccination program. The airline expects strong demand for Hawaiian vacations as they welcome back travelers with their renowned hospitality.
Hawaiian Airlines operates this route with Airbus A330 aircraft, accommodating both Premium and Main Cabin passengers.
On October 19, 2021, Hawaiian Airlines (Nasdaq: HA) announced amendments to its cash tender offers for the 7.375% Series 2020-1A and 11.250% Series 2020-1B Pass Through Certificates. The amendment increases the tender consideration to $1,200 per $1,000 pool balance for validly tendered Certificates. The expiration date for the tender offers has been extended to November 1, 2021, with settlement expected on November 4, 2021. As of October 18, 2021, 13.20% of Class A and 21.00% of Class B Certificates have been tendered.
Hawaiian Airlines has extended the Early Tender Deadline for its cash Tender Offers for 7.375% Series 2020-1A and 11.250% Series 2020-1B Pass Through Certificates. The new deadline is set to 11:59 p.m. NYC time on October 21, 2021. The tender of Certificates is not conditioned on a minimum pool balance, but subject to certain conditions described in the Offer to Purchase. The settlement is expected on October 25, 2021. Investors are advised to review the Offer to Purchase carefully before making decisions regarding their Certificates.
Hawaiian Holdings (NASDAQ: HA) will report its third quarter 2021 financial results after market close on October 26, 2021. An investor conference call is scheduled for 4:30 p.m. Eastern Time on the same day, which can be accessed via a live webcast on Hawaiian's Investor Relations website. Hawaiian Airlines continues to lead U.S. carriers in on-time performance, operating around 130 flights within Hawaii and serving 16 U.S. gateway cities. The airline is currently adjusting routes due to the COVID-19 pandemic.
Hawaiian Airlines will relocate from Terminal 5 to Terminal B at Los Angeles International Airport (LAX) on October 12, 2021. This move aims to enhance passenger experience with a modern facility offering expanded dining, shopping options, and a spacious gate area. Hawaiian operates six daily flights between LAX and Hawaiian Islands, including thrice-daily service to Honolulu. The new terminal is expected to provide superior service and connectivity, celebrating over 35 years of partnership with LAX.
Hawaiian Airlines, a subsidiary of Hawaiian Holdings (NASDAQ: HA), has extended the Early Tender Deadline for its cash Tender Offers for 7.375% Series 2020-1A Pass Through Certificates due 2027 and 11.250% Series 2020-1B Pass Through Certificates due 2025 to October 14, 2021. The original withdrawal deadline remains unchanged at October 6, 2021. The expiration date for the Tender Offers will stay at October 21, 2021, with settlement expected on October 25, 2021. No recommendations are made regarding tendering certificates, and holders are advised to evaluate their options carefully.
On September 23, 2021, Hawaiian Airlines, a subsidiary of Hawaiian Holdings (Nasdaq: HA), announced cash tender offers for all of its 7.375% Series 2020-1A Pass Through Certificates (due 2027) and 11.250% Series 2020-1B Pass Through Certificates (due 2025). The Tender Offers will expire on October 21, 2021, and include a consent solicitation for proposed amendments to eliminate certain covenants. The company plans to fund the purchases with cash on hand. Holders tendering their Certificates must also consent to the amendments, with early tendering incentives offered.
Hawaiian Airlines is launching a new in-flight video, the Travel Pono spot, aimed at educating guests on responsible tourism in Hawai'i. The video, featuring local experts, will begin airing in the cabins of its transpacific aircraft. This initiative aligns with the airline's ongoing Travel Pono program, which promotes safe and respectful travel practices. Hawaiian Airlines has a long-standing commitment to protecting Hawai'i's environment and culture, evidenced by its 2021 Corporate Kuleana Report and partnerships focusing on educational content for guests.
Hawaiian Airlines announces the second annual Holoholo Challenge, a month-long virtual fitness event starting October 1, 2021, aimed at promoting wellness among employees and guests. Participants can register for various activities, including a 244-mile bike ride and a 26-mile swim, with the chance to earn up to 40,000 bonus HawaiianMiles. The inaugural challenge in 2020 saw nearly 12,000 participants who collectively covered 852,700 miles and raised over $68,000 for Special Olympics Hawaiʻi. Participants receive a medal, shirt, and postcard upon completion.
Hawaiian Holdings, Inc. (NASDAQ: HA) reported a net loss of $6.2 million in Q2 2021, a significant improvement from the $100.7 million loss in Q2 2020. Total revenue decreased 42% to $410.8 million compared to Q2 2019, with a 30% reduction in capacity. The airline's adjusted EPS was $(0.12), compared to $(1.44) a year prior. As of June 30, 2021, the company boasted $2.4 billion in liquidity. Despite challenges, Hawaiian reported improved demand, particularly in North America, and has resumed some international services. The outlook for Q3 anticipates continued revenue growth, albeit with rising operating expenses.
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