Alaska Air said on Thursday it has agreed to further extend the review period of its proposed $1.9 billion acquisition of peer Hawaiian Holdings with the U.S. Department of Justice (DOJ).
Shares of Hawaiian Holdings (HA) surged 6% in intraday trading Wednesday after the Hawaiian Airlines parent agreed to extend the U.S. Department of Justice's review period of its proposed acquisition by Alaska Air Group (ALK).
A U.S. judge has dismissed a lawsuit that sought to block Alaska Airlines' plan to buy Hawaiian Airlines for $1.9 billion, a deal the consumer plaintiffs said would cut routes and raise prices.
The rise in operating expenses does not bode well for Hawaiian Holdings (HA). Elevated labor and fuel costs hurt the company's bottom line.
First Hawaiian Bank, founded in 1858, is headquartered in Honolulu, Hawaii, and has faced challenges in recent years. Loan growth has been slow, with a focus on commercial loans, while dividend growth has been stagnant due to management's reluctance to raise the payout ratio. FHB's strategy of reinvesting proceeds from maturing securities into new loans may not be the most optimal approach, and the stock may be overpriced at current levels.
Shares of Hawaiian Electric Industries (HE), or HEI, sank Monday after the utility operator warned it may not be able to continue operations because of the potential inability to pay the money required from the legal settlement reached related to the massive 2023 wildfire in Maui, blamed in part on its Hawaiian Electric unit.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.
Hawaiian Electric raised a going concern risk in its earnings report because it doesn't yet have a financing plan in place for the $1.99 billion settlement with Maui wildfire victims.
Hawaiian's largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year's deadly Maui wildfires.
Although the revenue and EPS for Hawaiian Holdings (HA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hawaiian Holdings, Inc. (NASDAQ:HA ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Jay Schaefer - VP and Treasurer Peter Ingram - President and CEO Brent Overbeek - EVP and CRO Shannon Okinaka - EVP and CFO Conference Call Participants Conor Cunningham - Melius Research Shannon Doherty - Deutsche Bank Dan McKenzie - Seaport Global Thomas Fitzgerald - TD Cowen Chris Stathoulopoulos - Susquehanna Operator Greetings and welcome to the Hawaiian Holdings, Inc. Second Quarter 2024 Financial Results Call. At this time, all participants are in a listen-only mode.
Hawaiian Holdings (HA) came out with a quarterly loss of $1.37 per share versus the Zacks Consensus Estimate of a loss of $1.27. This compares to loss of $0.47 per share a year ago.