Hawaiian Holdings, Inc. - HA STOCK NEWS

Hawaiian Airlines has launched nonstop service between Long Beach, California, and Kahului, Maui, marking a significant expansion in their route offerings. This new daily flight, HA72, departs Long Beach at 8:35 a.m., arriving in Maui at 12:35 p.m. The airline, known for its punctuality, will operate the route using modern Airbus A321neos equipped with comfortable seating options. Hawaiian Airlines has also made COVID-19 testing more accessible for travelers at Long Beach Airport, providing PCR tests for a fee, facilitating a smoother travel experience.

Hawaiian Airlines has appointed Wade Ueoka and Michelle Karr-Ueoka as its first executive chef duo to oversee the airline's culinary offerings, including the Featured Chef Series. They will curate menus for First Class on U.S. mainland flights and all cabin menus for international routes to Japan, Australia, New Zealand, and South Korea. The Ueokas bring extensive culinary experience, with Wade having previously featured in the chef series. This initiative aims to elevate the dining experience, reflecting Hawaii's vibrant culinary scene.

Hawaiian Airlines has secured its position as the most punctual U.S. airline for the 17th consecutive year, achieving an on-time performance rate of 87.5% in 2020, despite the challenges posed by the COVID-19 pandemic. The airline began its streak in 2004 and has ramped up operations, resuming flights to 13 U.S. cities and restarting international routes to Japan and South Korea. New North America routes will launch in March and April 2021, underscoring Hawaiian's commitment to recovery and service expansion.

Hawaiian Airlines, Inc. has announced the upsizing of its unregistered offering to $1.2 billion in 5.75% Senior Secured Notes due 2026 from an initial $800 million. The offering, scheduled for February 4, 2021, is directed towards qualified institutional buyers and non-U.S. persons. These Notes will not be registered under the Securities Act and will not have registration rights. This step is part of Hawaiian Airlines' strategic financial management amid ongoing challenges due to the COVID-19 pandemic.

Hawaiian Airlines, a subsidiary of Hawaiian Holdings (Nasdaq: HA), announced an unregistered offering of $800 million in Senior Secured Notes due 2026. The offering will be conducted by two subsidiaries, Hawaiian Brand Intellectual Property and HawaiianMiles Loyalty. Proceeds will support the company, with the notes secured by the company's loyalty program assets and brand intellectual property. The offering will be available only to qualified institutional buyers and non-U.S. persons. This press release emphasizes that it does not constitute an offer to sell the notes.

Hawaiian Holdings (NASDAQ: HA) reported a net loss of $(162.6) million for Q4 2020, improving from $(212.3) million the previous year. Full-year losses totaled $(510.9) million, reflecting a decline from $(734.9) million in 2019. The diluted EPS for Q4 was $(3.50), better than $(4.57) YoY. Amidst COVID-19 challenges, the company plans to continue boosting liquidity, anticipating $168 million from the Payroll Support Program. Hawaiian Airlines aims for gradual recovery with renewed services and new routes while maintaining enhanced safety protocols for travelers.

Hawaiian Holdings (NASDAQ: HA) will announce its 2020 fourth quarter and full-year financial results on January 26, 2021, following market closure. An investor conference call is scheduled for 4:30 p.m. ET that same day. The call will be accessible via a live audio webcast on Hawaiian's website, with an archived version available for 90 days. Hawaiian Airlines has been recognized for its on-time performance and has been serving the Hawaiian Islands for 92 years, operating an adjusted schedule due to the COVID-19 pandemic.

Hawaiian Airlines released its inaugural Corporate Kuleana Report detailing ESG initiatives and achievements. Key highlights include a 1.4% reduction in carbon emissions despite a 2.1% increase in Available Seat Miles and a 3.6% rise in Revenue Passenger Miles from 2018 to 2019. Investments in fleet modernization led to a reduction of 8.5 million gallons in jet fuel burn annually, equating to a decrease of 75,540 metric tons in CO2 emissions. The report also emphasizes community support and ongoing sustainability efforts as the airline navigates challenges posed by the COVID-19 pandemic.

Hawaiian Holdings, parent company of Hawaiian Airlines, reported a third-quarter 2020 loss of $97.1 million, substantially improved from a loss of $177.2 million in Q3 2019. Diluted EPS was ($2.11), up from ($3.81) year-over-year. The airline's operations were severely impacted by COVID-19, leading to a workforce reduction of over 32%. Hawaiian raised approximately $421 million in new financing during the quarter and had $979 million in cash at quarter-end. For Q4 2020, capacity is expected to decline by about 70% compared to the previous year, even as a pre-travel testing program begins.