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 ...

An airline merger is cleared for final approach.Alaska Air Group (ALK -0.47%) has cleared a big hurdle in its effort to acquire Hawaiian Holdings (HA 11.71%), and the target's stock is taking off as a result.Shares of Hawaiian traded up 11% on Tuesday morning after the U.S. Department of Justice said it would not challenge the $1.9 billion deal.Nearing the finish lineAlaska agreed to acquire Hawaiian last December, but that agreement by no means made the merger a foregone conclusion. Regulators have been ta ...

Key TakeawaysAlaska Air Group said the deadline for the U.S. Department of Justice (DOJ) to review its $1.9 billion purchase of Hawaiian Holdings expired, moving the deal closer to completion.The merger had been delayed as the DOJ looked into possible antitrust issues.The carrier said only the Department of Transportation (DOT) remains to approve the acquisition. Shares of Hawaiian Airlines parent Hawaiian Holdings (HA) took off Tuesday after the U.S. Department of Justice (DOJ) chose not to block Alaska Ai ...

Alaska Airlines and Hawaiian Airlines just took one step closer to a merger, according to statements sent out on Monday. The deal cleared a regulatory obstacle when "the time period for the U.S. Department of Justice to complete its regulatory investigation of the proposed combination of Alaska Airlines and Hawaiian Airlines under the HSR Act" expired, Alaska Airlines said in a statement on its website. The announcement boosted shares of Hawaiian by nearly 9% in premarket trade on Tuesday, while Alaska's sh ...

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Alaska Airlines said that its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust regulators to finish an investigation of the deal ended without a lawsuit to block the deal, eight months after the two carriers announced a $1.9 billion agreement to combine.The two airlines now have to win ...

Key TakeawaysShares of Hawaiian Airlines parent Hawaiian Holdings dropped in intraday trading Monday on worries U.S. regulators will try to stop Alaska Air Group's $1.9 billion purchase of the company.Officials were expected to finish their review and make a decision on Aug. 5, but the deadline was extended three times as negotiations continued.The agreement was first announced in December, sending Hawaiian Holding shares soaring at the time. Shares of Hawaiian Airlines parent Hawaiian Holdings (HA) dropped ...