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Hawaiian Holdings | 8-K: Current report

SEC announcement ·  Jan 30 16:04
Summary by Moomoo AI
On January 30, 2024, Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, announced its financial results for the fourth quarter and full year of 2023. The company reported a net loss of $101.2 million for the fourth quarter and $260.5 million for the full year. Adjusted net loss for the fourth quarter was $122.7 million, and $313.5 million for the full year. The company faced challenges including the impact of the Maui wildfires on travel demand and pandemic-related spoilage. Despite these challenges, Hawaiian Holdings saw a 20.7% increase in international passenger load factor year-over-year and strong performance in premium products. The company also highlighted its liquidity position with $908.5 million in unrestricted cash and short-term investments and $1.1 billion in total liquidity. Hawaiian Holdings announced...Show More
On January 30, 2024, Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, announced its financial results for the fourth quarter and full year of 2023. The company reported a net loss of $101.2 million for the fourth quarter and $260.5 million for the full year. Adjusted net loss for the fourth quarter was $122.7 million, and $313.5 million for the full year. The company faced challenges including the impact of the Maui wildfires on travel demand and pandemic-related spoilage. Despite these challenges, Hawaiian Holdings saw a 20.7% increase in international passenger load factor year-over-year and strong performance in premium products. The company also highlighted its liquidity position with $908.5 million in unrestricted cash and short-term investments and $1.1 billion in total liquidity. Hawaiian Holdings announced a definitive agreement with Alaska Air Group, Inc. for a merger valued at approximately $1.9 billion, expected to close within 12-18 months from December 3, 2023. The company also provided its outlook for the first quarter and full year of 2024, expecting an increase in available seat miles and a fluctuation in operating revenue per ASM. Hawaiian Holdings emphasized its commitment to sustainability and community support, including a decarbonization roadmap and contributions to local organizations.

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