HA Stock Recent News
HA LATEST HEADLINES
Peter Ingram, CEO of Hawaiian Airlines, joins Bloomberg Radio to discuss the airline's deal to merge with Alaska Airlines. --------
The tie-up was given a thumbs down by the market.
Markets moved lower on Monday morning. Hawaiian Holdings shares soared as the Hawaiian Airlines parent got an acquisition bid from Alaska Air.
Hawaiian HoldingsĀ (NASDAQ: HA ) stock is rocketing higher on Monday after the company announced plans to combine with Alaska AirĀ (NYSE: ALK ) in a $1.9 billion deal. This deal has Alaska Air agreeing to acquire Hawaiian Holdings for $18 per share.
Hawaiian Holdings Inc.'s stock HA, +8.24% soared 174% in premarket trade Monday, after Alaska Air Group Inc. ALK, +5.08% announced a deal to acquire the parent of Hawaiian Airlines for about $1.9 billion. Under the terms of the deal, Alaska Air will pay $18 a share in cash, while assuming about $900 million of Haiwaiian's net debt, for a total equity value of about $1 billion.
Alaska Air Group has agreed to buy Hawaiian Airlines parent in a deal worth $1.9 billion but the news is having a dramatically different effect on the stocks.
Alaska Airlines and Hawaiian Airlines will operate from Seattle, led by Alaska Airlines CEO Ben Minicucci
Hawaiian Holdings (HA) third-quarter 2023 revenues are hurt by a devastating wildfire in Lahaina in West Maui.
Hawaiian Holdings, Inc. (NASDAQ:HA ) Q3 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Marcy Morita - Managing Director, Investor Relations Peter Ingram - President & Chief Executive Officer Brent Overbeek - Chief Revenue Officer Shannon Okinaka - Chief Financial Officer Conference Call Participants Conor Cunningham - Melius Research Hillary Cacanando - Deutsche Bank Catherine O'Brien - Goldman Sachs Andrew Didora - Bank of America Helane Becker - TD Cowen Chris Stathoulopoulos - Susquehanna Dan McKenzie - Seaport Global Operator Ladies and gentlemen greetings and welcome to the Hawaiian Holdings, Inc. Third Quarter 2023 Financial Results Call. [Operator Instructions] As a reminder, this conference is being recorded.
Although the revenue and EPS for Hawaiian Holdings (HA) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.