NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Hawaiian Holdings, Inc. (NASDAQ:HA)Hawaiia ...

HONOLULU, Jan. 16, 2024 /PRNewswire/ -- Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), plans to report its 2023 fourth quarter and full year financial results after the market closes on Tuesday, January 30, 2024.  An investor conference call is scheduled for 4:30 p.m. Eastern Time (11:30 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 Hawaiia ...

Hawaiian Holdings, Inc. (HA) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let’s delve deeper.Southward Earnings Estimate Revisions: The Zacks Consensus Estimate for the current quarter has widened from a loss of $2.31 per share to a loss of $2.35 over the past 60 days.  For the current year, the consensus mark has moved from a loss of $3.31 to a loss of $3.29. The unfavorable estimate revisions indicate brokers’ lack of confidence in the stock.W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-31443 HAWAIIAN HOLDINGS INC (Exact Name of Registrant as Specified in Its Charter) Delaware 71-0879698 (State or Other Jurisdiction of (I ...

Hawaiian Holdings, Inc. (NASDAQ:HA) Q3 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Marcy Morita - Managing Director, Investor Relations Peter Ingram - President & Chief Executive Officer Brent Overbeek - Chief Revenue Officer Shannon Okinaka - Chief Financial Officer Conference Call Participants Conor Cunningham - Melius Research Hillary Cacanando - Deutsche Bank Catherine O'Brien - Goldman Sachs Andrew Didora - Bank of America Helane Becker - TD Cowen Chris Stathoulopoulo ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of approximately $26 million, resulting in an adjusted loss of $0.47 per share for Q2 2023 [29] - Total revenue increased by just over 2%, with an 11% increase in capacity compared to the same period in 2022 [20] - System RASM (Revenue per Available Seat Mile) decreased by 8% year-over-year, slightly better than guidance due to recovery in Japan [20][21] Business Line Data and Key Metrics Changes - Passenger revenue for international markets, including Japan, surged over 160% compared to Q2 2022, reflecting a strong recovery [24] - In the Neighbor Islands, the company maintained a unit revenue that was 2.5 times that of Southwest Airlines, with a load factor 32 points higher [22] - Load factor for Japan routes improved to 77% for the quarter, peaking at 94% in June [23] Market Data and Key Metrics Changes - Demand from the U.S. Mainland to Hawaii remained strong, with no signs of a slowdown [9] - International routes outside of Japan, particularly to Australia, New Zealand, and South Korea, showed solid demand [9] - Advanced bookings for Japan point-of-sale traffic doubled compared to Q2 metrics, indicating a strong recovery [25] Company Strategy and Development Direction - The company is focused on strategic initiatives, including transitioning to Amadeus' Altea platform and in-sourcing A330 maintenance, which are expected to enhance operational efficiency and reduce costs [15][14] - The introduction of the Boeing 787-9 Dreamliner is anticipated to enhance premium travel offerings and increase capacity without changing frequencies [16][28] - The company is optimistic about the future, particularly with the expected growth in the Japanese market and the introduction of new aircraft [18][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of leisure demand and the operational environment, noting improvements in on-time performance and aircraft availability [12][10] - The company acknowledged challenges related to engine availability but remains focused on mitigating impacts through proactive measures [13][21] - Management is encouraged by the positive trends in bookings and demand, particularly in the international market [25][26] Other Important Information - The company is investing heavily in technology and fleet modernization, with capital expenditures for 2023 expected to be around $280 million [33] - The first A330 freighter for Amazon is expected to enter service in October 2023, contributing to revenue growth in 2024 [48][49] - The company is facing ongoing headwinds from airport rate increases and labor costs, which are expected to impact unit costs in the near term [31][32] Q&A Session Summary Question: Insights on Japan bookings compared to 2019 travelers - Management noted no significant change in length of stay but observed a shift towards more direct bookings rather than through travel agencies, indicating a different demand curve [36][38] Question: Potential capacity headwinds from Pratt & Whitney issues - Management indicated that the impact on capacity is still being assessed, with a small number of engines needing inspection this year [40][42] Question: Update on Amazon service start and cargo guidance - The first aircraft for Amazon service is expected to be operational in October 2023, with limited financial impact anticipated for 2023 [48] Question: Concerns about revenue outlook relative to capacity - Management expressed confidence in the revenue environment, noting that RASM is expected to remain stable despite capacity increases [54][56] Question: Impact of international travel on Hawaii vacations - Management clarified that while some capacity has shifted to international routes, demand for Hawaii remains strong, with full airplanes and stable revenue [75] Question: Strategic initiatives and potential upside in utilization - Management highlighted ongoing strategic initiatives and the potential for improved aircraft utilization as operational challenges are resolved [81][82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |---------------------------------------------------------------------|-----------------------------------------------------------------| | | | | Commiss ...

Hawaiian Holdings, Inc. (NASDAQ:HA) Q1 2023 Earnings Conference Call April 25, 2023 4:30 PM ET Company Participants Marcy Morita - MD, IR Peter Ingram - President and CEO Brent Overbeek - CRO Shannon Okinaka - CFO Conference Call Participants Helane Becker - Cowen & Company Conor Cunningham - Melius Research Catherine O'Brien - Goldman Sachs Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Chris Stathoulopoulos - Susquehanna Operator Greetings and welcome to Hawaiian Holdings, Inc. First Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |--------------------------------------------------|---------------------------------| | | | | Commission file | number 1-31443 | | HAWAIIAN | HOLDINGS ...

Revenue and Financial Performance - For the twelve months ended December 31, 2022, the company's revenue was approximately $2.6 billion, an increase of about $1.0 billion compared to 2021, but a decrease of approximately $191.0 million, or 6.7%, compared to the pre-pandemic period in 2019[70]. - Revenue from non-passenger operations, including cargo, accounted for approximately 11.6%, 14.1%, and 21.3% of total revenue during the years ending December 31, 2022, 2021, and 2020, respectively[75]. - The company is highly dependent on tourism to, from, and amongst the Hawaiian Islands, and financial results have been impacted by downturns in tourism levels due to the COVID-19 pandemic[78]. - The cost of jet fuel remains high and volatile, significantly impacting the company's operations and financial performance[81]. - The company experienced a significant decrease in demand for air travel due to the COVID-19 pandemic, which has led to operational challenges and reduced load capacity on flights[70]. - The company has faced increased competitive pressure on fares due to global economic volatility and uncertainty in demand for discretionary air travel[76]. - The ongoing global COVID-19 pandemic continues to pose risks to the company's operations, financial performance, and strategic objectives[69]. - The company has incurred ongoing expenditures to prevent information security breaches and expects these costs to continue[112]. - The company aims for aggressive cost-containment goals to maintain competitive fares while ensuring acceptable profit margins[123]. - The airline industry is characterized by low profit margins and high fixed costs, with significant competition from larger carriers that have greater financial resources[92]. - Inflation in 2022 increased costs for labor, fuel, and other services, which could reduce profit margins if price increases do not keep pace[94]. - Interest rate increases by the Federal Reserve have negatively impacted the fair value of the company's investments, affecting earnings and liquidity[95]. - The company’s financial liquidity could be adversely affected by credit market conditions, particularly due to the unpredictability of global credit markets[85]. - The company may incur additional indebtedness to meet future financing needs, which could limit cash flow available for operations[190]. - The company’s ability to satisfy obligations under its indebtedness may be impacted by adverse economic and industry conditions[190]. Operational Challenges - The company expects to incur additional costs to ramp up cargo operations for Amazon, including hiring crew and preparing maintenance for the Amazon fleet, which may negatively impact business results[75]. - The company has implemented enhanced health and safety measures to protect passengers and employees, which may further impact operations and results[72]. - The company is subject to various legal and regulatory risks related to COVID-19, including potential civil lawsuits and employee grievances[73]. - The company is subject to restrictive requirements under the Payroll Support Program 3 Agreement, including limitations on executive compensation through April 1, 2023[89]. - The company faces competitive pressures as approximately 73% of its passenger revenue was generated from North America routes, competing against larger network carriers[98]. - The company has entered into agreements with the Treasury under the CARES Act, which impose operating restrictions, including limits on executive compensation[89]. - The airline industry has substantial operating leverage, meaning a decrease in passenger numbers can lead to a disproportionately greater decrease in profits, especially in the context of economic downturns or external threats[136]. - The airline's operations are subject to significant seasonal volatility, with demand typically peaking during June, July, August, and December, and considerably weaker at other times of the year[139]. - Cargo operations also experience seasonal fluctuations, with demand historically low following the holiday peak in Q4[140]. - The airline industry faces potential adverse effects from terrorist attacks or hostilities, which could lead to decreased demand for air travel and increased operational costs[141]. - Extensive government regulations and potential new taxes could significantly increase operational costs and restrict airline operations[142]. - Compliance with FAA regulations requires significant expenditures, including maintenance and safety measures for older aircraft[144]. - Increased security measures and costs related to safety may impact financial performance[137]. Debt and Financial Obligations - As of December 31, 2022, the company had approximately $1.5 billion in outstanding commercial debt, excluding funds borrowed under the federal Payroll Support Program[87]. - The company has Japanese Yen denominated debt totaling $163.9 million as of December 31, 2022, which exposes it to foreign currency exchange rate fluctuations[83]. - Hawaiian had approximately $1.6 billion of total indebtedness as of December 31, 2022, which includes $1.2 billion principal amount incurred from the senior secured notes offering[190]. - The company is required to meet certain covenants under its financing agreements, and a breach could lead to a default, accelerating obligations and impacting financial stability[88]. - The company identified a material weakness in internal control over financial reporting as of March 31, 2022, June 30, 2022, and September 30, 2022, which has since been remediated as of December 31, 2022[195]. - The company may face litigation risks related to the restatement of financial statements and the identified material weakness in internal control over financial reporting[198]. Market and Competitive Environment - Approximately 89% of the company's passenger revenue was generated from Domestic routes during 2022, indicating a lack of geographical diversification[97]. - The company faces competitive disadvantages due to its reliance on specific city demand for North America flights, lacking a direct network to feed passengers[99]. - The company is increasingly dependent on technology and automated systems, with significant investments needed for upgrades and replacements, including the transition to the Amadeus Altéa Passenger Service System in April 2023[114]. - The company relies on code-share agreements to provide access to international destinations currently unserved, highlighting its dependence on partnerships for market reach[102]. - The company is exposed to potential losses from aircraft accidents, which could lead to significant claims and harm to reputation[127]. - The company faces risks related to compliance with privacy and data protection laws, which could lead to regulatory investigations and adversely affect reputation and financial condition[108]. - Any actual or perceived security breaches could result in significant financial expenditures for investigation, remediation, and potential liabilities, adversely affecting revenues and operating results[112]. - The company relies heavily on third-party contractors for critical services, and any failure by these providers could adversely affect revenues and operations[116]. Future Outlook and Strategic Considerations - The company has made substantial pre-delivery payments for Boeing 787-9 aircraft, with the first expected delivery in Q4 2023 and remaining deliveries scheduled through 2027[168]. - The carrying value of long-lived assets was approximately $1.9 billion as of December 31, 2022, and the company continues to evaluate these assets for potential impairment[172]. - Changes in U.S. tax laws, including a 1% excise tax on stock buybacks and a 15% alternative minimum tax, could materially increase the company's tax liabilities and operational costs[159]. - The company does not expect to repurchase its common stock or pay dividends for the foreseeable future due to restrictions and financial conditions[177]. - The market price of the company's stock is influenced by various factors, including operating results, competitive environment, and general economic conditions[176]. - The company is exposed to risks related to environmental regulations and sustainability goals, which may require significant capital investment and could impact brand reputation if not achieved[128]. - The company’s agreements with Amazon include termination rights that could adversely affect business operations and financial condition if exercised[133]. - The company must continuously invest in technology to mitigate risks associated with system failures and ensure operational efficiency[114].