|Bid||14.93 x 900|
|Ask||14.92 x 800|
|Day's Range||14.61 - 16.66|
|52 Week Range||7.55 - 31.34|
|Beta (5Y Monthly)||2.38|
|PE Ratio (TTM)||16.01|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||0.48 (2.92%)|
|Ex-Dividend Date||Feb 13, 2020|
|1y Target Est||14.00|
Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc. ("Hawaiian"), today announced it will webcast a presentation by Peter Ingram, Hawaiian's president and chief executive officer, at the 2020 Wolfe Transportation and Industrials Conference on Tuesday, May 19, 2020. The webcast will begin at approximately 1:30 p.m. Eastern Time.
Carriers like United Airlines (UAL) and American Airlines (AAL) incur a loss in Q1 due to the coronavirus-induced dented passenger revenues.
The substantial grounding of Hawaiian Holdings, Inc. (NASDAQ: HA) during the past two months left the carrier with a $144.4 million loss in first quarter earnings.By the end of March, Hawaiian had grounded 95% of its passenger flights to and from the islands to restrain the spread of the coronavirus. Hawaiian has been impacted more than most by government travel restrictions and quarantines, but analysts say it should make it through the crisis because of its low debt obligations and ability to hold the line on cash reserves."With such profound changes to our business, our focus has pivoted to sustaining a limited operation, enhancing liquidity, preserving cash and preparing for a new reality as we begin to emerge from the pandemic in the weeks ahead," said Hawaiian Airlines President and CEO Peter Ingram in a statement on Tuesday.While the airline's 35 aircraft ferry cargo in addition to passengers and baggage, Hawaiian does not break out cargo revenues in its overall financials.During a conference call with investors on Tuesday, May 5, Ingram said the airline was focused on curtailing negative cash flow through various measures, such as deferring "non-critical" capital expenses, instituting voluntary unpaid leave among its 7,500 employees, and reducing executive pay by 10% to 50%. The company estimates it is going through $3.6 million in cash each day.To increase liquidity, Hawaiian drew down $235 million from its revolving credit line in March. It now has $815 million in reserves and said it is looking to raise another $270 million this quarter using aircraft as collateral.It also received $292 million from the CARES Act payroll support program and applied for $364 million in financial bridge loans.Hawaiian is currently in talks with Boeing to delay delivery of new 787 passenger aircraft beyond the first half of 2021. However, Ingram said the airline is still committed to making the 787 its "flagship airplane of the future."In recent months, Hawaiian has used some of its passenger aircraft for cargo-only transport. In April, a Hawaiian A330 arrived in Honolulu from Shenzhen, China, with a load of 1.6 million face masks for distribution across the state by nonprofit Every1ne Hawaii.In early March, the airline began offering intra-island, all-cargo ATR-72 flights five days a week between Honolulu and Kahului and Kona. Hawaiian started the cargo service in the summer of 2018 with flights between Honolulu, Lihue and Hilo.Hawaiian said it also uses its 717 passenger planes to "carry critical, time-sensitive cargo like pharmaceuticals and Blood Bank of Hawaii shipments."Ingram could not give investors a clear picture of how and when the airline will resume operations once the COVID-19 pandemic abates. However, he said Hawaiian will "not force capacity" on the markets because the aircraft are available.See more from Benzinga * FreightWaves LIVE @HOME: Industry Keynote With The CEO of Werner Enterprises (With Vdeo) * Amid COVID Outbreak, Freighter Demand Boosts ATSG In Q1 * Freightos Baltic Index (FBX) Report: May 4, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Here with me in Honolulu are Peter Ingram, our President and Chief Executive Officer; and Shannon Okinaka, our Chief Financial Officer. Peter will be discussing the overall impact of COVID-19 on our business thus far and our response to the crisis.
Hawaiian Holdings (HA) delivered earnings and revenue surprises of 26.00% and -0.85%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Hawaiian Holdings, Inc. (NASDAQ: HA) (the "Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), today reported its financial results for the first quarter of 2020.
Hawaiian Airlines parent Hawaiian Holdings Inc. disclosed Tuesday that it received on April 22 the first installment of the Payroll Support Program under the CARES Act of $146 million. That is half of the expected total of $292.5 million. Under terms of the PSP, Hawaiian agreed not to conduct involuntary furloughs or cut employees pay or benefits through Sept. 30, to limit executive compensation through March 24, 2022 and to suspend dividend payments and stock repurchases through Sept. 30, 2021. Hawaiian also agreed to issue to the U.S. government warrants to buy a total of 488,477 shares of common stock, or about 1.1% of the current shares outstanding, at an exercise price of $11.82 a share. The stock, which rose 1.3% in premarket trading, has plunged 58.2% over the past three months through Monday, while the S&P 500 has lost 12.1%.
Hawaiian Holdings (HA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The U.S. taxpayer will be a major player in the struggling airline industry, as many carriers are set to receive government aid with conditions as they grapple with impacts of the COVID-19 pandemic.
Hawaiian Holdings (HA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The number of U.S. cases of the coronavirus that causes COVID-19 moved closer to 800,000 on Monday, as President Donald Trump offered support for protesters flouting state and local government rules on staying-at-home in an effort to contain the spread.
Hawaiian Airlines parent Hawaiian Holdings Inc. disclosed Monday that it changed its plans regarding participation in the government's Economic Relief Program under the CARES Act, to receive a larger loan but also provide more warrants to buy the company's stock. The air carrier said it is now seeking a 5-year interest-bearing loan of $364 million, with the collateral to be determined later. Hawaiian said that obligates it to issue warrants for the government to buy up to 6.7% of the company's outstanding shares at $11.82 a share, which is 2.7% above Friday's closing price of $11.51. Previously, the company said that under the Payroll Support Program under the CARES Act, it expected to receive $290 million, of which $57 million would have been an interest-bearing loan that matures in 10 years, which would've obligated the company to issue warrants to buy 1% of the shares outstanding. The new plan requires Hawaiian to maintain employment levels as of March 24 until Sept. 30 not less than 90% of such levels, while the previous plan would have required the company to refrain from involuntary furloughs or reduce their pay or benefits. Hawaiian's stock, which slipped 0.6% in premarket trading, has plunged 60.7% year to date through Friday, while the U.S. Global Jets ETF has tumbled 54.5% and the S&P 500 has declined 11.0%.
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement. "However, many airlines have been obfuscating this right by offering travel vouchers as the default option, requiring passengers to take burdensome steps to request refunds instead," they said.
Alaska will get $1 billion, representing loans and a sale of shares to the government, while its larger rival Delta Air Lines will receive $5.4 billion in federal help to pay workers.
With air-travel touching a nadir, March traffic statistics of the likes of LATAM Airlines (LTM) and Hawaiian Holdings' (HA) subsidiary Hawaiian Airlines show a massive decline.
Hawaiian Holdings (HA) unit Hawaiian Airlines' passenger count slumps 45.4% in March with an unprecedented drop in demand in the wake of the coronavirus-led crisis.
Alaska Airlines dropped San Francisco as a destination from its No. 2 Seattle airport but will still fly to San Jose.
Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA) ("Hawaiian"), saw sharp declines in its system-wide traffic statistics in March 2020 as government mandated restrictions on travel in response to the COVID-19 pandemic became more numerous.