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Hawaiian Holdings | ARS: Annual Report to Security Holders

SEC announcement ·  Apr 2 04:42
Summary by Futu AI
Hawaiian Holdings, Inc. (Holdings) and its subsidiary Hawaiian Airlines, Inc. (Hawaiian) reported their annual financial results for the year ended December 31, 2023. The company saw an increase in operating revenue to $2.7 billion, up by $75.0 million from the previous year, primarily driven by a rise in passenger revenue. Despite this, Holdings reported a net loss of $260.5 million, or $5.05 per diluted share, compared to a net loss of $240.1 million in the previous year. The company's operating loss for 2023 was $293.7 million, compared to an operating loss of $210.1 million in 2022. Holdings also entered into a merger agreement with Alaska Air Group, Inc., which is expected to close within 12 to 18 months from the agreement date. Additionally, Holdings entered into an Air Transportation Services Agreement (ATSA...Show More
Hawaiian Holdings, Inc. (Holdings) and its subsidiary Hawaiian Airlines, Inc. (Hawaiian) reported their annual financial results for the year ended December 31, 2023. The company saw an increase in operating revenue to $2.7 billion, up by $75.0 million from the previous year, primarily driven by a rise in passenger revenue. Despite this, Holdings reported a net loss of $260.5 million, or $5.05 per diluted share, compared to a net loss of $240.1 million in the previous year. The company's operating loss for 2023 was $293.7 million, compared to an operating loss of $210.1 million in 2022. Holdings also entered into a merger agreement with Alaska Air Group, Inc., which is expected to close within 12 to 18 months from the agreement date. Additionally, Holdings entered into an Air Transportation Services Agreement (ATSA) with Amazon.com Services LLC to provide air cargo transportation services. As part of the ATSA, Holdings issued a warrant to Amazon to acquire up to 9,442,443 shares of Holdings' common stock. The company's capital expenditures increased to $290.2 million in 2023, with expectations of $500.0 million to $550.0 million in 2024, mainly for aircraft purchases and modifications. Holdings' total debt as of December 31, 2023, was $1.6 billion, with a scheduled maturity of debt payments through 2027.

This announcement is a separate document:

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