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 Holdings, Inc. (NASDAQ: HA) reported a net loss of $98.3 million for Q1 2023, an improvement of $35 million year-over-year. The diluted EPS stood at ($1.91), up $0.69 from the previous year. Operating revenue increased by 28.4% compared to Q1 2022, driven by strong demand for leisure travel, leading to a significant recovery from the Omicron variant impact. The company reported $1.6 billion in liquidity, including unrestricted cash. Challenges included aircraft availability due to engine delays and air traffic control issues, which affected on-time performance. Looking ahead, the company anticipates operating revenue per ASM to decrease by 8.5% to 11.5% in Q2 2023. Despite operational hurdles, Hawaiian expects to sustain momentum and aims for a return to profitability.
On April 11, 2023, Hawaiian Holdings, Inc. (NASDAQ: HA) announced plans to report its first quarter 2023 financial results after market closure on April 25, 2023. An investor conference call will follow at 4:30 p.m. EDT, allowing investors to listen via a live audio webcast through Hawaiian's Investor Relations website. Notably, Hawaiian Airlines, the largest airline in Hawaiʻi, operates about 150 daily flights and connects to 15 U.S. gateway cities. The airline has earned accolades as a top U.S. airline and is recognized for exceptional on-time performance for 18 consecutive years (2004-2021). More information can be found on HawaiianAirlines.com.
Hawaiian Airlines has signed a five-year agreement with Gevo, Inc. to purchase 50 million gallons of sustainable aviation fuel (SAF), commencing deliveries in 2029. The SAF will be produced from a new facility to be built in the Midwestern U.S., utilizing renewable resources and low-carbon practices. This initiative advances Hawaiian's goal of achieving net-zero carbon emissions by 2050. Hawaiian has previously engaged in sustainability partnerships and is committed to reducing its environmental impact, positioning itself favorably in the evolving airline industry focused on sustainability.
Hawaiian Airlines is set to enhance its summer schedule with increased weekly flight frequencies from Honolulu to Austin, Boston, Las Vegas, and Pago Pago, effective from May to August 2023. A notable addition includes a fourth daily flight to Los Angeles, improving convenience for travelers. This decision arises from anticipated robust summer demand, as stated by Brent Overbeek, senior vice president – chief revenue officer. The airline plans to utilize its Airbus A330 and A321neo aircraft, ensuring quality services including the Featured Chef Series and complimentary entertainment. The service expansions reflect Hawaiian's commitment to reconnecting travelers with the islands.
Hawaiian Holdings, Inc. (NASDAQ: HA) reported its Q4 and full-year 2022 financial results, revealing a net loss of $50.2 million for Q4 and $240.1 million for the full year. Despite these losses, the company demonstrated improved metrics with a diluted EPS of ($0.98) in Q4, up from ($2.05) YoY. Operating revenue for Q4 was up 3.2% compared to Q4 2019. Liquidity stood strong at $1.6 billion. The company anticipates operational challenges in 2023 but expects ASMs to increase by 9.5% to 12.5% for the full year, alongside cost management efforts. Hawaiian Airlines continues to enhance guest services and expand routes, showcasing resilience in the leisure travel market.
Hawaiian Holdings (NASDAQ: HA) will announce its fourth quarter and full year 2022 financial results after market close on January 31, 2023, followed by an investor conference call at 4:30 p.m. EST. The call will be accessible via a live audio webcast on Hawaiian's website and archived for 90 days for those unable to attend.
Hawaiian Airlines has maintained leadership in on-time performance among U.S. carriers for 18 consecutive years and was recognized as the No. 1 U.S. airline by Travel + Leisure in 2022.
Hawaiian Holdings, Inc. (NASDAQ: HA) reported a third-quarter 2022 net loss of $(9.3) million, with adjusted net loss of $(7.7) million and GAAP EPS of $(0.18). Operating revenue decreased by 1.9% compared to Q3 2019, although other revenue surged by 28.2%. The company formed an eight-year agreement with Amazon to provide flight operations and maintenance services, establishing a new revenue stream. For Q4 2022, Hawaiian expects capacity to decrease by 4-7% but anticipates total revenue growth of 1.5-5.5% compared to Q4 2019.
Hawaiian Holdings (NASDAQ: HA) has signed a pivotal agreement with Amazon.com (NASDAQ: AMZN) to operate ten Airbus A330-300 freighters starting in late 2023. Hawaiian will manage these aircraft under its FAA air carrier certificate, enhancing Amazon's cargo capacity across key airports. The deal allows for future fleet expansion based on Amazon's needs. Additionally, Hawaiian issued Amazon warrants for up to 15% of common shares, exercisable over nine years. This partnership is expected to diversify Hawaiian's revenue streams and catalyze business growth.
On October 17, 2022, Southern Airways/Mokulele Airlines and Hawaiian Airlines announced a new interline agreement to streamline travel between Mokulele-served airports, such as Moloka'i, Lāna'i, and Kapalua, and all Hawaiian Airlines destinations. This partnership allows passengers to book connections in a single transaction and receive boarding passes for their connecting flights at check-in. The agreement includes benefits such as automatic luggage transfers and flight protections in case of delays. Mokulele Airlines operates over 150 daily flights, while Hawaiian Airlines offers 130 flights within the islands and international routes.
FAQ
What is the current stock price of Hawaiian Holdings (HA)?
What is the market cap of Hawaiian Holdings (HA)?
