Key TakeawaysAlaska Airlines' acquisition of Hawaiian Airlines received the approval of the Department of Transportation (DOT) Tuesday after the airlines agreed to a number of terms designed to protect travelers.The DOT and the two airlines agreed that their respective mileage reward programs would be protected in the merger, and to retain a number of routes serving Hawaii's islands and rural areas in Alaska.The airlines said they will focus on closing the deal and getting an operating certificate from the ...

SEATTLE and HONOLULU, Sept. 17, 2024 /PRNewswire/ -- Alaska Air Group, the parent company of Alaska Airlines, announced today the interim Honolulu leadership team that will guide Hawaiian Airlines operations from transaction close through a full combination of operations under a single operating certificate with two brands – Hawaiian Airlines and Alaska Airlines.Current Alaska Airlines regional president of Hawai‘i/Pacific, Joe Sprague, will be named chief executive officer of Hawaiian Airlines.Now that fin ...

ToplineThe Department of Transportation on Tuesday allowed Alaska Airlines to close its $1.9 billion acquisition of Hawaiian Airlines, clearing the final regulatory hurdle for a major industry merger that comes after federal officials blocked other deals, after both airlines agreed to several concessions.The two airlines agreed to preserve reward miles and “essential air support” for rural areas as part ... [+] of the deal.Getty Images Key FactsThe Transportation Department said Alaska Airlines and Hawaiian ...

Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024.Alaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems and preserve several key routes, the U.S. Department of Transportation said Tuesday.The two carriers' $1.9 billion merger agreement cleared the U.S. Justice Department's review last month. That put it ...

Hawaiian Holdings’ (HA) top line is benefiting from a healthy demand scenario. The company’s efforts to expand and modernize its fleet are praiseworthy. However, HA is grappling with high operating costs hurting the company’s bottom line.Factors Favoring HA Upbeat air travel demand bodes well for Hawaiian Holdings. Driven by healthy passenger volumes, HA’s scheduled airline traffic (measured by revenue passenger miles) increased 3.8% year over year in the second quarter of 2024. Scheduled capacity (measured ...

July's optimism over a settlement gave way to more uncertainty in August.Shares of embattled utility Hawaiian Electric (HE -3.38%) fell 35.2% in August, according to data from S&P Global Market Intelligence.The electric utility was hit late last year by the tragic wildfires of August 2023, which mired the company in a legal mess. Early in the month Hawaiian Electric reached a payout settlement with plaintiffs, which seemed favorable for the utility. But a company filing raised the prospects of bankruptcy, a ...

A month has gone by since the last earnings report for Hawaiian Holdings (HA) . Shares have added about 36.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Hawaiian Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Wider-Than-Expected Loss in Q2Hawaiian Hol ...

TYSONS, Va., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE) ("Park") announced today that its two Hawaii hotels—the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island—sustained no material damage from Hurricane Hone, a Category 1 hurricane that impacted the Hawaiian Islands on Sunday. Both hotels maintained power and uninterrupted services, and continue to welcome guests with all customary services and amenities available. “I want t ...

Peter Blottman Photography/iStock via Getty Images Maui’s tragic wildfires were over a year ago. The state, Governor Josh Green, and all of the parties involved in the event have been working tirelessly, so everyone can heal and get on with their lives. A big step forward took place this month with a settlement between the various parties that contributed and suffered from the event. (You can read more about the settlement here.) Hawaiian Electric Industries (NYSE:HE) has received a substantial amount o ...

Alaska Air Group's (ALK) proposed acquisition of Hawaiian Airlines parent Hawaiian Holdings (HA) has cleared the U.S. Department of Justice after the period for its regulatory investigation expired yesterday. Hawaiian Holdings' stock has responded to the news by jumping more than 11% in Tuesday's session, while ALK shares are down slightly at last check."This is a significant milestone in the process to join our airlines," Alaska Air Group said in a statement. The air carrier added that during the Departmen ...