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. (HA) historically served as the parent company of Hawaiian Airlines, Hawaiʻi’s largest and longest-serving airline in the scheduled passenger air transportation industry. This news page focuses on announcements and developments related to Hawaiian Airlines and its former parent, including operational updates, partnerships, sustainability initiatives and corporate transactions.
Readers can find coverage of Hawaiian’s route network and service offerings, such as its approximately 150 daily flights within the Hawaiian Islands and nonstop flights between Hawaiʻi and numerous U.S. gateway cities and international destinations including American Samoa, Australia, Cook Islands, Japan, New Zealand, South Korea and Tahiti. News items also highlight customer experience enhancements, including complimentary meals on transpacific routes, no change fees on Main Cabin and Premium Cabin seats, and the HawaiianMiles loyalty program where miles do not expire.
Company communications frequently feature recognition from travel publications and surveys, as well as updates on technology and distribution. Examples include the rollout of free Starlink high-speed Wi‑Fi on Airbus-operated long-haul flights and the availability of Hawaiian’s HA Connect NDC content through the Sabre global distribution system for travel agencies and corporate buyers.
Investors and travelers can also follow stories about Hawaiian’s ESG and Corporate Kuleana efforts, including plans for net-zero carbon emissions by 2050, sustainable aviation fuel collaborations, and initiatives to reduce single-use plastics. In addition, this page reflects major corporate milestones, such as Alaska Air Group’s completion of its acquisition of Hawaiian Holdings, Inc. and the integration plans for the Hawaiian Airlines brand within the combined organization. Bookmark this page to explore the historical and ongoing news narrative around HA and Hawaiian Airlines.
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.
Hawaiian Holdings, Inc. (NASDAQ: HA) will announce its third quarter 2020 financial results after market close on October 27, 2020. An investor conference call is scheduled for 4:30 p.m. Eastern Time that day. Investors can access the live audio webcast on Hawaiian's website. Hawaiian Airlines is Hawaii's largest airline and has led U.S. carriers in on-time performance for 16 years. Despite the challenges posed by COVID-19, the airline continues to operate essential flights and maintain safety protocols for guests and crew.
Hawaiian Airlines has launched an at-home COVID-19 testing service for travelers from the U.S. mainland to qualify for quarantine exemption in Hawaii. The $150 saliva test, managed by Vault Health, allows participants to collect samples with remote supervision and receive results within 24 hours. Starting October 15, the negative test results must be obtained within 72 hours of departure. This initiative enhances Hawaiian's existing health and safety protocols, including a reduced cabin capacity of 70% until December 15, and drive-through testing options in Los Angeles and San Francisco.
Hawaiian Airlines will launch drive-through COVID-19 testing in select U.S. mainland locations, starting October 15. Travelers who test negative within 72 hours will bypass the 14-day quarantine in Hawai'i. The tests, offered in partnership with Worksite Labs, will be available at LAX and SFO, costing $90 for results within 36 hours or $150 for express same-day service. The initiative aims to boost travel while ensuring safety and convenience for guests. Enhanced health protocols are in place to safeguard passengers and crew during flights.
Hawaiian Airlines (Nasdaq: HA) announced the pricing of its Enhanced Equipment Trust Certificates, totaling $261,986,000. The offering includes $216,976,000 in Class A Certificates with a 7.375% interest rate and Class B Certificates for $45,010,000 at 11.25%. The expected distribution dates are September 15, 2027 for Class A and September 15, 2025 for Class B. Closing is set for August 5, 2020, pending customary conditions. The offering is limited to qualified institutional buyers and will not be registered under the Securities Act.
Hawaiian Airlines, a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), has announced the offering of Enhanced Equipment Trust Certificates totaling approximately $261.986 million to finance eight Airbus aircraft. The offering includes $216.976 million in Class A Certificates and $45.010 million in Class B Certificates, secured by equipment notes. The Certificates will be available only to qualified institutional buyers and non-U.S. persons, in compliance with the Securities Act. Hawaiian Holdings will guarantee the payment obligations under the equipment notes.
Hawaiian Holdings, parent company of Hawaiian Airlines, announced the appointment of C. Jayne Hrdlicka and Michael E. McNamara to its Board of Directors. The company reported a second-quarter net income loss of $106.9 million, with diluted EPS of ($2.33). Unrestricted cash as of June 30, 2020, was $761 million. The company has taken measures to mitigate the pandemic's impact, including cash preservation strategies and a hiring freeze. July 2020 capacity is projected to be 86% lower than July 2019. The company has received $214.2 million in CARES Act support and expects more funds soon.
Hawaiian Holdings, Inc. (NASDAQ: HA) will release its second quarter 2020 financial results after market close on July 28, 2020. An investor conference call will follow at 4:30 p.m. Eastern Time on the same day, available via a live audio webcast on Hawaiian Airlines' website. Those unable to attend can access an archived version for 90 days. This event is crucial for investors looking to understand the company's performance amid the industry's challenges.