Key TakeawaysHawaiian Electric Industries will sell $500 million in stock to help pay for damages from the 2023 Maui wildfires.The power company is pricing the stock at $9.25, a $1.65 discount from Monday's closing price.Hawaiian Electric Industries has warned that it may not be able to continue as a viable operation because of the costs to cover the fire damages. Shares of Hawaiian Electric Industries (HE), or HEI, tumbled Tuesday, a day after the holding company for the state's biggest power provider anno ...

Alaska Air Group (ALK) strengthened its position as the fifth-largest U.S. airline by revenues when it completed the acquisition of Hawaiian Airlines for $1 billion in cash. ALK also assumes about $900 million in Hawaiian debt. The acquisition was completed a day after the last major regulatory obstacle to the deal was overcome when the Department of Transportation or DOT cleared the transaction.The DOT approval did not come without any strings attached to it. The conditions laid down by the regulatory auth ...

Enables guests to reach 141 destinations directly, including 29 international markets, and over 1,200 destinations globally through the oneworld Alliance and global partnersMaintains the distinct brands of Alaska Airlines and Hawaiian Airlines Establishes Honolulu as its second largest hubBeginning soon, provides HawaiianMiles members and Mileage Plan members with the ability to transfer miles between accounts free of chargeBeginning soon, enables guests to purchase Hawaiian Airlines flights at alaskaair.co ...

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 ...