Key TakeawaysHawaiian Electric has tentatively agreed to settle hundreds of lawsuits related to its alleged negligence over the Maui wildfires, according to a Bloomberg report. Its stock jumped on the news. The company would be on the hook for at least $1.5 billion if the deal becomes official, the report said.The wildfires did more than $5.5 billion worth of damages and killed 100 last year. Hawaiian Electric Industries (HE) and others have reached a tentative deal to pay more than $4 billion to settle law ...

HONOLULU, July 16, 2024 /PRNewswire/ -- Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), plans to report its 2024 second quarter financial results after the market closes on Tuesday, July 30, 2024.  An investor conference call is scheduled for 4:30 p.m. EDT (10:30 a.m. HST) that day.The call will be open to all interested investors through a live audio webcast accessible in the Investor Relations section of Hawaiian's website at HawaiianAirlines.com. For those wh ...

SAN FRANCISCO, CA - JUNE 21: 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. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)Anadolu Agency via Getty ImagesAlaska Airlines and Hawaiian Airlines have jointly filed two critical applications with the U.S. Department of Transportation in anticipation of the transaction completing their planned merger.In one filing, the airlin ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Hawaiian Holdings despite an increase in revenues, with the actual results being crucial for stock price movement [1] Financial Expectations - Hawaiian Holdings is expected to report a quarterly loss of $1.30 per share, reflecting a year-over-year change of -176.6% [2] - Revenues are projected to be $749.3 million, which is a 6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [2] - The Most Accurate Estimate for Hawaiian Holdings is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -22.31%, suggesting a bearish sentiment among analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a strong Zacks Rank [4] - Hawaiian Holdings currently holds a Zacks Rank of 3, making it difficult to predict an earnings beat conclusively [6] Historical Performance - In the last reported quarter, Hawaiian Holdings was expected to post a loss of $2.75 per share but actually reported a loss of $2.77, resulting in a surprise of -0.73% [7] - Over the past four quarters, the company has only beaten consensus EPS estimates once [7] Conclusion - While an earnings beat or miss can influence stock movement, other factors also play a significant role [8] - Hawaiian Holdings does not appear to be a compelling candidate for an earnings beat, and investors should consider additional factors before making investment decisions [8]

Core Viewpoint - Hawaiian Holdings (HA) is experiencing healthy demand but faces challenges due to rising operating expenses and weak liquidity [1] Group 1: Demand and Expansion - The increase in air travel demand is favorable for Hawaiian Holdings, with scheduled airline traffic up 5.9% year-over-year in Q1 2024 [2] - Scheduled capacity rose by 2.7% year-over-year, and passenger load factor improved by 2.4 percentage points to 80.6% [2] - For Q2 2024, the company anticipates a 3.5%-6.5% year-over-year increase in available seat miles (ASM) and a full-year expectation of 4.5%-7.5% improvement [2] - Hawaiian Holdings has initiated Boeing 787-9 Dreamliner service, expected to double premium seating on key routes while keeping operating costs competitive [2] - New flight routes have been announced from Salt Lake City to Honolulu and from Sacramento to Lihu'e and Kona [2] Group 2: Merger and Financial Outlook - The upcoming merger with Alaska Air Group (ALK) involves Alaska acquiring Hawaiian for $18.00 per share, with a total transaction value of approximately $1.9 billion [3] - This merger is projected to enhance Hawaiian's business execution, liquidity, and debt management capabilities [3] Group 3: Stock Performance - Shares of Hawaiian Holdings have increased by 24% over the past year, contrasting with a 1.5% decline in the industry [5] Group 4: Risks and Challenges - Rising fuel costs are negatively impacting Hawaiian Holdings, with anticipated fuel prices of $2.85 per gallon for Q2 2024 and $2.83 for the full year [6] - Elevated labor expenses are pushing operating costs higher, with an expected increase of 5-8% in costs per available seat mile (excluding fuel and non-recurring items) for Q2 2024 compared to Q2 2023 [6] - The company reported a current ratio of 0.89 at the end of Q1 2024, indicating liquidity concerns as it suggests insufficient cash to meet debt obligations [6]

Hawaiian Holdings (HA) shares rallied 6.1% in the last trading session to close at $13.80. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.2% loss over the past four weeks.Shares of Hawaiian Holdings have been gaining over the last few trading days as investors await the U.S. Department of Justice's (“DOJ”) decision on HA's planned merger with Alaska Air (ALK) .This parent company of Hawaiian Airlines is ex ...

HONOLULU, June 24, 2024 /PRNewswire/ -- Hawaiian Airlines, Inc. (the "Company") today announced that Hawaiian Brand Intellectual Property, Ltd. (the "Brand Issuer"), an exempted company incorporated with limited liability under the laws of the Cayman Islands and an indirect wholly owned subsidiary of the Company, and HawaiianMiles Loyalty, Ltd. (the "Loyalty Issuer", and, together with the Brand Issuer, the "Issuers" and each, an "Issuer"), have commenced an offer to exchange (the "Exchange Offer") any and ...

HONOLULU, June 03, 2024 (GLOBE NEWSWIRE) -- Hele Kamaʻaina Rewards members are winning at the pump and in the skies this summer! Hele app users not only save $0.25 per gallon every day, but they also have the chance to win round-trip airfare to Tokyo. Hele convenience stores are part of the Par Pacific Holdings, Inc. retail organization. From June 1 to August 31, 2024, customers with the Hele app can enter the “Hele Tokyo Flyaway” sweepstakes for a chance to win 220,000 HawaiianMiles, enough for a round-tri ...

It has been about a month since the last earnings report for Hawaiian Holdings (HA) . Shares have added about 8.6% 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 catalysts. Wider-Than-Expected Loss in Q1Hawai ...

HONOLULU, May 2, 2024 /PRNewswire/ -- Hawaiian Airlines today published its annual Corporate Kuleana (Responsibility) Report highlighting Environmental, Social and Governance (ESG) initiatives to fly and grow more sustainably. Hawaiian continues to work toward its goal of achieving net-zero carbon emissions by 2050 through investments in sustainable aviation fuel (SAF) and fleet modernization. Last month, the carrier inaugurated service with its first fuel-efficient Boeing 787-9 aircraft and received the se ...