Alaska Air Group (ALK) strengthened its position as the fifth-largest U.S. airline by revenues when it completed the acquisition of Hawaiian Airlines for $1 billion in cash. ALK also assumes about $900 million in Hawaiian debt. The acquisition was completed a day after the last major regulatory obstacle to the deal was overcome when the Department of Transportation or DOT cleared the transaction.The DOT approval did not come without any strings attached to it. The conditions laid down by the regulatory auth ...

Enables guests to reach 141 destinations directly, including 29 international markets, and over 1,200 destinations globally through the oneworld Alliance and global partnersMaintains the distinct brands of Alaska Airlines and Hawaiian Airlines Establishes Honolulu as its second largest hubBeginning soon, provides HawaiianMiles members and Mileage Plan members with the ability to transfer miles between accounts free of chargeBeginning soon, enables guests to purchase Hawaiian Airlines flights at alaskaair.co ...

Key TakeawaysAlaska Airlines' acquisition of Hawaiian Airlines received the approval of the Department of Transportation (DOT) Tuesday after the airlines agreed to a number of terms designed to protect travelers.The DOT and the two airlines agreed that their respective mileage reward programs would be protected in the merger, and to retain a number of routes serving Hawaii's islands and rural areas in Alaska.The airlines said they will focus on closing the deal and getting an operating certificate from the ...

SEATTLE and HONOLULU, Sept. 17, 2024 /PRNewswire/ -- Alaska Air Group, the parent company of Alaska Airlines, announced today the interim Honolulu leadership team that will guide Hawaiian Airlines operations from transaction close through a full combination of operations under a single operating certificate with two brands – Hawaiian Airlines and Alaska Airlines.Current Alaska Airlines regional president of Hawai‘i/Pacific, Joe Sprague, will be named chief executive officer of Hawaiian Airlines.Now that fin ...

ToplineThe Department of Transportation on Tuesday allowed Alaska Airlines to close its $1.9 billion acquisition of Hawaiian Airlines, clearing the final regulatory hurdle for a major industry merger that comes after federal officials blocked other deals, after both airlines agreed to several concessions.The two airlines agreed to preserve reward miles and “essential air support” for rural areas as part ... [+] of the deal.Getty Images Key FactsThe Transportation Department said Alaska Airlines and Hawaiian ...

Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024.Alaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems and preserve several key routes, the U.S. Department of Transportation said Tuesday.The two carriers' $1.9 billion merger agreement cleared the U.S. Justice Department's review last month. That put it ...

Hawaiian Holdings’ (HA) top line is benefiting from a healthy demand scenario. The company’s efforts to expand and modernize its fleet are praiseworthy. However, HA is grappling with high operating costs hurting the company’s bottom line.Factors Favoring HA Upbeat air travel demand bodes well for Hawaiian Holdings. Driven by healthy passenger volumes, HA’s scheduled airline traffic (measured by revenue passenger miles) increased 3.8% year over year in the second quarter of 2024. Scheduled capacity (measured ...

文章核心观点 - 夏威夷电力公司(Hawaiian Electric)在8月份股价下跌35.2%,主要原因是公司面临法律纠纷和破产风险[1] - 公司在7月份与原告达成了20亿美元的和解协议,但随后公司财报显示存在"持续经营"风险,引发了投资者担忧[2][3] - 公司还面临保险公司的索赔,法院裁决将此问题提交夏威夷最高法院,增加了不确定性[3] - 尽管公司股价低于账面价值,但由于存在诸多不确定因素,只有有丰富经验的投资者才应考虑投资该公司[4] 公司情况总结 - 夏威夷电力公司是一家电力公司,去年遭遇了严重的山火事故,陷入了法律纠纷[1] - 公司在8月初与原告达成了20亿美元的和解协议,但随后公司财报显示存在"持续经营"风险[2][3] - 公司还面临保险公司的索赔,法院裁决将此问题提交夏威夷最高法院,增加了不确定性[3] - 公司需要筹集20亿美元来支付和解金,同时还需要投资提高输电线路的抗灾能力[4] 行业情况总结 - 夏威夷电力公司作为一家电力公司,受到了严重的自然灾害影响,陷入了法律纠纷[1] - 公司面临着破产风险,需要通过筹资等方式来应对,增加了不确定性[2][3] - 行业内存在保险公司对公司提出索赔的情况,增加了公司的法律风险[3] - 公司需要投资提高输电线路的抗灾能力,这也需要大量资金投入[4]

A month has gone by since the last earnings report for Hawaiian Holdings (HA) . Shares have added about 36.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Hawaiian Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Wider-Than-Expected Loss in Q2Hawaiian Hol ...

TYSONS, Va., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE) ("Park") announced today that its two Hawaii hotels—the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island—sustained no material damage from Hurricane Hone, a Category 1 hurricane that impacted the Hawaiian Islands on Sunday. Both hotels maintained power and uninterrupted services, and continue to welcome guests with all customary services and amenities available. “I want t ...