HAWAIIAN HOLDINGS, INC. (NASDAQ:HA) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
63-month contract amendment with its Pilots as represented by the
Air Line Pilots Association (ALPA). The ratification is expected
to result in a one-time cash payment of approximately $55 – $60
million in the first quarter related to a ratification bonus and
other benefits that will result in a financial charge up to $30
million in the first quarter, which is in addition to the $34
million special charge recorded in the fourth quarter of 2016
relating to the anticipated agreement.
one-time cash payment of $100 – $110 million to settle a portion
of its outstanding other post-retirement plan obligation with its
Pilots.
increase to wages and benefits expense beginning on April 1,
2017, which for the remainder of 2017 is expected to be
approximately $25 – $30 million.
to be filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, and unless expressly set forth by
specific reference in such filings, shall not be incorporated by
reference in any filing under the Securities Act of 1933, as
amended, or the Securities Exchange Act of 1934, as amended,
whether made before or after the date hereof and regardless of
any general incorporation language in such filings.
statements, including statements regarding the expected timing
and amounts of certain payments and charges the Company is
expecting to make or incur. These forward-looking statements are
inherently subject to various risks and uncertainties, including
changes to the underlying assumptions used to calculate the
expected payments and charges based on further analysis and the
risks, uncertainties and assumptions discussed from time to time
in the Companys other public filings and public announcements,
including the Companys Annual Report on Form 10-K and the
Companys Quarterly Reports on Form 10-Q, as well as other
documents that may be filed by the Company from time to time with
the Securities and Exchange Commission. The Company does not
undertake to publicly update or revise any forward-looking
statements to reflect events or circumstances that may arise
after the date hereof.
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Press Release dated March 24, 2017.
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About HAWAIIAN HOLDINGS, INC. (NASDAQ:HA)
Hawaiian Holdings, Inc. is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc. (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as the Company’s Scheduled Operations. It offers non-stop service to Hawai’i from over 10 the United States gateway cities. It also provides approximately 160 daily flights between the Hawaiian Islands. It operates various charter flights. The Company’s fleet consists of over 20 Boeing 717-200 aircraft for the Neighbor Island routes, and approximately eight Boeing 767-300 aircraft and over 20 Airbus A330-200 aircraft for the North America, International and charter routes. HAWAIIAN HOLDINGS, INC. (NASDAQ:HA) Recent Trading Information
HAWAIIAN HOLDINGS, INC. (NASDAQ:HA) closed its last trading session up +0.80 at 48.45 with 502,503 shares trading hands.
