Hawaiian Holdings Reports Wider than Expected Q1 Loss, Merger Progresses

Hawaiian Holdings (HA) reported a wider-than-expected loss of $2.77 per share on revenue of $645.6 million, surpassing revenue estimates of $629.2 million. Operational metrics showed improvements, with revenue passenger miles rising 1.1% and passenger revenue per available sale mile increasing 3.5%. The company’s merger with Alaska Air Group (ALK) received shareholder approval, and a timing agreement with the Department of Justice has been established to finalize the merger within 90 days.

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