Summary by Moomoo 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