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Hawaiian Holdings | 8-K: Current report

SEC announcement ·  Apr 24 04:06
Summary by Futu AI
Hawaiian Holdings, Inc., the parent company of Hawaiian Airlines, reported its financial results for the first quarter of 2024 on April 23, 2024. The company disclosed a net loss of $137.6 million and a diluted earnings per share (EPS) loss of $2.65. Despite the losses, which were attributed to several factors including a reduction in the company's effective tax rate, Hawaiian Holdings highlighted operational achievements such as the introduction of high-speed Starlink WIFI and the delivery of its first Boeing 787. The company also announced a merger with Alaska Air Group, Inc., which is pending regulatory approval. Hawaiian Holdings reported a total operating revenue increase of 5.4% to $645.6 million, with passenger revenue up 6.4%. The company's liquidity stood at $1.15 billion, including undrawn credit facilities, and...Show More
Hawaiian Holdings, Inc., the parent company of Hawaiian Airlines, reported its financial results for the first quarter of 2024 on April 23, 2024. The company disclosed a net loss of $137.6 million and a diluted earnings per share (EPS) loss of $2.65. Despite the losses, which were attributed to several factors including a reduction in the company's effective tax rate, Hawaiian Holdings highlighted operational achievements such as the introduction of high-speed Starlink WIFI and the delivery of its first Boeing 787. The company also announced a merger with Alaska Air Group, Inc., which is pending regulatory approval. Hawaiian Holdings reported a total operating revenue increase of 5.4% to $645.6 million, with passenger revenue up 6.4%. The company's liquidity stood at $1.15 billion, including undrawn credit facilities, and it had unrestricted cash, cash equivalents, and short-term investments totaling $897 million. Looking ahead, Hawaiian Holdings provided guidance for the second quarter of 2024, expecting an increase in available seat miles and a fluctuation in operating revenue per ASM. The company also updated its full-year outlook, adjusting its expected increase in costs per ASM and available seat miles.

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