Hawaiian Holdings (NASDAQ:HA) Stock, Quote.Headers.trade-ideas

Hawaiian Holdings

Hawaiian Holdings Inc provides air transportation for passengers and cargo. Its primary asset is the sole ownership of Hawaiian Airlines. Routes are principally focused on transportation between the Hawaiian Islands, the United States, the South Pacific, Australia, New Zealand, and Asia. In addition, it operates various charter flights. The company markets through several distribution channels, including its website, travel agencies, and wholesale distributors. Partnerships have been established with other airlines to accommodate customers, and the company also participates in a frequent-flyer program.

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Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Hawaiian Holdings (NASDAQ: HA) is riding on its continued healthy demand scenario. The company&#39;s efforts to expand are commendable. However, a surge in operating expenses and weak liquidity does not bode well for the company.

Here&#39;s Why You Should Retain Hawaiian Holdings Stock

Hawaiian Holdings (NASDAQ: HA) shares rallied 6.1% in the last trading session to close at $13.80. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 2.2% loss over the past four weeks.

Hawaiian Holdings Surges 6.1%: Is This an Indication of Further Gains?

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Under the newly signed agreement, Barclays will continue to issue the Hawaiian Airlines World Elite Mastercard&nbsp;for consumers; and the Hawaiian Airlines World Elite Business Mastercard, for small businesses.

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Barclays US Consumer Bank Renews Co-branded Credit Card Program With Hawaiian Airlines

Shares of General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) fell sharply during Wednesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39934099/general-dynamics-hits-high-revenue-but-faces-earnings-hiccup-in-q2-details">second-quarter EPS results</a>.
Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
General Dynamics shares declined 5.2% to $279.26 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>NuZee, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) jumped 192% to $3.01.</li>
<li>Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) rose 142.4% to $3.0799 after falling over 22% on Tuesday.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) surged 134% to $0.0609.</li>
<li>Bone Biologics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBLG#NASDAQ">BBLG</a>) gained 86% to $2.3300.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) gained 74.5% to $10.82.</li>
<li>Pieris Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIRS#NASDAQ">PIRS</a>) jumped 73.4% to $13.77 after the company announced that the company entered into a definitive merger agreement with Palvella Therapeutics.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) gained 50% to $0.60 after licensing partner Pfizer&#8217;s Phase 3 AFFINE trial evaluating giroctocogene fitelparvovec met its primary endpoint.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) gained 28% to $3.2212.</li>
<li>KORE Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NASDAQ">KORE</a>) gained 21.8% to $2.84.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) rose 20.5% to $6.87 after reporting unaudited 2024 second quarter and first half financial results.</li>
<li>PROG Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) climbed 20.4% to $41.71 after the company reported better-than-expected second-quarter financial results. Also, the company raised its FY24 guidance above estimates.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) gained 19.4% to $94.69. The company on Monday announced a private placement financing.</li>
<li>Silynxcom Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NYSE">SYNX</a>) rose 18.4% to $3.71. Silynxcom received $815,000 in orders from Israel Defense Forces since July 2024.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares gained 16.4% to $1.0009 after the company announced steady progress in its due diligence efforts in its proposed reverse merger with COVIRIX Medical and anticipates completion by the end of August 2024.</li>
<li>Flex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) gained 10.9% to $32.96 after the company reported better-than-expected second-quarter financial results.</li>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) climbed 10.5% to $249.78 after the company reported better-than-expected second-quarter financial results.</li>
<li>Group 1 Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) gained 9.6% to $333.95 after the company reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) rose 9.2% to $113.18 after the company reported second-quarter financial results.</li>
<li>Allarity Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) gained 8.7% to $0.1809. Allarity Therapeutics revealed on Monday it received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC).</li>
<li>Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) gained 7.9% to $18.61 after the company reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) shares surged 7.5% to $113.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) gained 7% to $26.69 after the company reported better-than-expected <a>second-quarter </a>financial results.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) gained 6.8% to $148.17 after the company reported better-than-expected second-quarter financial results and the company and raised its FY24 guidance above estimates. Also, the company announced it authorized a $1.5 billion share buyback.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) gained 3.1% to $18.78 following second-quarter earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares dipped 74.4% to $1.27. Azitra announced the pricing of $10.0 million public offering.</li>
<li>Next Technology Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) fell 58% to $2.42.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) dipped 43.8% to $4.25.</li>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) fell 37.2% to $2.6199 after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) dipped 34.2% to $0.1414.</li>
<li>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) declined 26.9% to $57.46 after the company reported worse-than-expected quarterly financial results. Also, the company issued its FY25 EPS guidance below estimates.</li>
<li>Conn&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) shares fell 26.7% to $0.3717 as the company announced plans to close 71 locations across 13 states.</li>
<li>Vintage Wine Estates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VWE#NASDAQ">VWE</a>) fell 24.5% to $0.0868 after the company announced bankruptcy filing and voluntary delisting and SEC deregistration.</li>
<li>Snow Lake Resources Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITM#NASDAQ">LITM</a>) declined 24.2% to $0.7350 after the company issued an update on Black Lake Uranium Project.</li>
<li>AtlasClear Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NASDAQ">ATCH</a>) shares declined 23.8% to $0.4228 after gaining 11% on Tuesday.</li>
<li>Verastem, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTM#NASDAQ">VSTM</a>) shares fell 22.7% to $2.7750 after the company reported pricing of $55.0 million public offering of common stock, warrants and pre-funded warrants.</li>
<li>Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) dipped 17.8% to $10.75 after the Phase 2 KINETIC 2 study of SAGE-324 did not demonstrate a statistically significant dose-response relationship on the primary endpoint.</li>
<li>Hawaiian Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) dipped 13% to $11.33.</li>
<li>SFL Corporation Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>) shares fell 12.3% to $12.23 after the company announced an offering of 8 million common shares.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell 12% to $216.78. Tesla reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) dipped 11.3% to $31.90 as the company announced the launch of secondary public offering of ordinary shares.</li>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) fell 10.2% to $15.29.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) dipped 9.5% to $14.41.</li>
<li>Chijet Motor Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) fell 9.3% to $4.61 after jumping 55% on Tuesday.</li>
<li>Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) dipped 9.1% to $25.14 after the company announced a primary offering of 25 million shares.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) shares declined 8.8% to $4.2150 after the company announced the departure of CCO Anil Kapur.</li>
<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) fell 8.4% to $92.45.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) fell 8.2% to $56.97.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) shares fell 8% to $15.69 following second-quarter earnings.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) declined 8% to $14.25.</li>
<li>Weatherford International plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) dipped 7.6% to $123.57 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Roper Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NYSE">ROP</a>) fell 7.4% to $532.08 after the company reported worse-than-expected second-quarter sales results and issued third-quarter adjusted EPS guidance below estimates.</li>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) shares fell 7.1% to $0.5479 after gaining around 23% on Tuesday.</li>
<li>Fortive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) fell 6.9% to $71.36 after the company reported worse-than-expected second-quarter sales results and issued FY24 sales guidance below estimates.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) fell 5.5% to $367.84 after Piper Sandler downgraded the stock from an Overweight to Neutral and lowered its price target from $494 to $404.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) shares declined 4.1% to $174.29. Alphabet reported upbeat earnings and sales results for its second quarter on Tuesday. The company also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9.</li>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares fell 3.8% to $254.72 following third-quarter results.</li>
</ul>
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Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

WIIM

Hawaiian Holdings shares are trading lower. Traders circulate an unconfirmed report suggesting that the DOJ will likely not approve the company's sale to Alaska Air.

Rumors

Legal

Watching Hawaiian Holdings; Traders Circulate Unconfirmed Data Firm Report Suggesting The DOJ Is Unlikely To Approve The Sale Of The Co To Alaska Air

Travel agencies can book both NDC and traditional ATPCO/EDIFACT content through the Sabre global distribution system (GDS)

SABR

Sabre Offers NDC Content From Hawaiian Airlines

TD Cowen analyst Helane Becker maintains Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) with a Hold and raises the price target from $12 to $13.

Price Target

TD Cowen Maintains Hold on Hawaiian Holdings, Raises Price Target to $13

Hawaiian Holdings&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ha#NASDAQ">HA</a>) is riding on its continued healthy demand scenario. The company&#39;s efforts to expand are commendable. However, a surge in operating expenses and weak liquidity does not bode well for the company.
<h3>Factors Favoring HA</h3>
The uptick in air travel demand bodes well for Hawaiian Holdings. In the first quarter of 2024, scheduled airline traffic (measured by revenue passenger miles) increased 5.9% year over year. Scheduled capacity (measured in available seat miles or ASM) rose 2.7% year over year. Passenger load factor (percentage of seats filled by passengers) improved by 2.4 pts to 80.6% year over year.
For the second quarter of 2024, the company expects a 3.5%-6.5% year-over-year increase in ASM. Meanwhile, for the full year, the company expects the metrics to improve 4.5%-7.5% year over year.
HA&#39;s expansion efforts are praiseworthy. On Apr 15, 2024, Hawaiian Holdings began Boeing 787-9 Dreamliner revenue service, a move expected to double premium seating on key routes while maintaining competitive operating costs. The airline also announced new flights from Salt Lake City to Honolulu and from Sacramento to Lihu&#39;e and Kona. &nbsp;
The impending merger with Alaska Air Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) is another tailwind for HA, under which Alaska will acquire Hawaiian for $18.00 per share in cash with a transaction value of approximately $1.9 billion. This merger is expected to provide a substantial boost for Hawaiian, enhancing its ability to execute its business plan, strengthen its liquidity and manage its debts effectively.
Shares of Hawaiian Holdings have rallied 24% over the past year compared to a 1.5% decline of the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e3/71312.jpg?v=1960393177" />
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
Rising fuel costs are hurting Hawaiian Holdings&#39; bottom line. This trend is primarily due to the ongoing production cuts adopted by Saudi Arabia and Russia. The fuel price per gallon is anticipated to be $2.85 for the second quarter of 2024 and&nbsp;$2.83 for the full year of 2024.
The elevated labor expenses are also severely impacting the company&#39;s bottom line by pushing up operating costs.The company expects costs per available seat mile (excluding fuel &amp; non-recurring items) in the second quarter of 2024 to increase 5-8% from the second-quarter 2023 actuals.
Hawaiian Holdings ended the first quarter of 2024 with a current ratio (a measure of liquidity) of 0.89. A current ratio of less than 1 implies that the company does not have enough cash to meet its debt burden, raising liquidity concerns.
<h3>Zacks Rank</h3>
HA currently carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) and Air Lease (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
SKYW currently sports a Zacks Rank #1 (Strong Buy) and has an expected earnings growth rate of 787% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 128%. Shares of SkyWest have jumped 101% in the past year.
AL sports a Zacks Rank #1. Air Lease has an expected earnings growth rate of 31.1% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 15.6%. Shares of AL have climbed 11% in the past year.
<a href="https://www.zacks.com/stock/news/2301676/here-s-why-you-should-retain-hawaiian-holdings-ha-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2301676">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Hawaiian Holdings Stock

Hawaiian Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ha#NASDAQ">HA</a>) shares rallied 6.1% in the last trading session to close at $13.80. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 2.2% loss over the past four weeks.
Shares of Hawaiian Holdings have been gaining over the last few trading days as investors await the U.S. Department of Justice&#39;s (&quot;DOJ&quot;) decision on HA&#39;s planned merger with Alaska Air (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>).
This parent company of Hawaiian Airlines is expected to post quarterly loss of $1.30 per share in its upcoming report, which represents a year-over-year change of -176.6%. Revenues are expected to be $749.3 million, up 6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Hawaiian Holdings, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Hawaiian Holdings is a member of the Zacks Transportation - Airline industry. One other stock in the same industry, American Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>), finished the last trading session 0.5% higher at $10.98. AAL has returned -4.9% over the past month.
American Airlines&#39; consensus EPS estimate for the upcoming report has changed -9.8% over the past month to $1.05. Compared to the company&#39;s year-ago EPS, this represents a change of -45.3%. American Airlines currently boasts a Zacks Rank of #3 (Hold).
<a href="https://www.zacks.com/stock/news/2298936/hawaiian-holdings-ha-surges-6-1-is-this-an-indication-of-further-gains?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2298936">To read this article on Zacks.com click here.</a>

Major airlines have initiated a lawsuit against a new rule that mandates them to disclose additional fees upfront. This action has elicited a strong reaction from Transportation Secretary Pete Buttigieg.
What Happened: The lawsuit was launched by Airlines for America, a trade association, and several major airlines, including Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), Hawaiian Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>), and Alaska Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), <a href="https://thehill.com/policy/transportation/4664215-buttigieg-speechless-as-airlines-sue-over-new-fee-rules/">reported</a> The Hill.
The airlines are contesting the new rule, arguing that revealing extra fees before ticket purchase will &#8220;greatly confuse consumers&#8221; and &#8220;complicate the buying process.&#8221;
Buttigieg, however, expressed astonishment at the lawsuit, stating, &#8220;We just issued a rule requiring airlines to inform you, before you buy a ticket, of fees they will charge you. Now, the airline lobby is suing us, saying that if you have the right to that information it will ‘confuse' you. For once, I am speechless."
The Department of Transportation has pledged to &#8220;vigorously defend&#8221; the rule, which is intended to protect consumers from &#8220;hidden junk fees&#8221; and ensure full price transparency before ticket purchase.
The Biden administration finalized the rule last month, with Buttigieg asserting that it will save passengers over half a billion dollars a year in unnecessary or unexpected fees.
See Also: <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says Trump Might Be &#8216;Hosting Dinners For Big Oil Execs&#8217; But FTC Should Side With Consumers</a>
Why It Matters: This lawsuit comes after a <a href="https://www.benzinga.com/markets/equities/24/04/38412947/airline-passenger-rights-elevated-biden-administration-enforces-refund-rule">series of confrontations</a> between the airlines and the Biden administration. The Biden-Harris Administration had previously enforced a rule requiring airlines to swiftly issue automatic cash refunds to passengers. 
In May it was reported that the Biden administration demanded that <a href="https://www.benzinga.com/markets/equities/24/05/38797099/airlines-challenge-biden-administration-over-fee-disclosure-rule-report">airlines disclose</a>, upfront, the fees that they impose on fliers.
Photo Courtesy: Rich Koele On Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
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Pete Buttigieg Left 'Speechless' After Airlines Sue Biden Administration Over New Fees Regulations

Major U.S. airlines have reportedly initiated legal action against the U.S. Transportation Department (USDOT), contesting a recent mandate demanding upfront disclosure of airline fees, marking the latest confrontation between air carriers and the Biden administration.
Airlines for America, along with&nbsp;American Airlines&nbsp;Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>),&nbsp;Delta Air Lines&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>),&nbsp;United Airlines&nbsp;Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>),&nbsp;JetBlue Airways&nbsp;Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>),&nbsp;Hawaiian Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>), and&nbsp;Alaska Air&nbsp;Group Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), filed a lawsuit against the department in the U.S. Fifth Circuit Court of Appeals, reported&nbsp;Reuters.
The U.S. Transportation Department&#8217;s final rules, issued last month, mandate airlines and ticket agents to disclose service fees alongside airfare, aiming to enhance transparency for consumers and prevent unexpected charges.&nbsp;
The rule, however,&nbsp;faces opposition from the airline group, which argues that it would perplex consumers and infringe upon private business operations in a flourishing market, mentioned the report.
The&nbsp;lawsuit,&nbsp;previously undisclosed,&nbsp;criticizes the rule as &#8220;arbitrary, capricious, an abuse of discretion and otherwise contrary to law.&#8221;&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38412947/airline-passenger-rights-elevated-biden-administration-enforces-refund-rule" rel="noreferrer noopener">Airline Passenger Rights Elevated: Biden Administration Enforces Refund Rule</a>
USDOT contends the regulation will save consumers millions annually by preventing overpayments on fees, which airlines currently capitalize on through surprise charges.
According to USDOT, airlines&nbsp;will&nbsp;be required&nbsp;to&nbsp;divulge baggage or flight change fees upfront, eliminating misleading advertising tactics and ensuring comprehensive fee disclosure at the outset of ticket purchase.&nbsp;
Notably,&nbsp;Southwest Airlines Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) refrained from joining the lawsuit, expressing support for&nbsp;certain&nbsp;provisions in the USDOT proposal, as per the report.
While airlines maintain they already offer full fee disclosure, data indicates substantial revenue generation from fees, including nearly $6.8 billion in U.S. airlines baggage fees in 2022.&nbsp;
The rule also mandates airlines to reassure consumers that seats are included in the fare, preempting additional charges for seat assignments.
President Joe Biden endorsed the mandate as a shield against surprise fees, emphasizing the importance of protecting passengers from airline malpractices, such as delayed refunds and excessive&nbsp;fees.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/government/24/05/38741257/faa-oversight-under-scrutiny-after-united-airlines-mishaps" target="_blank" rel="noreferrer noopener">FAA Oversight Under Scrutiny After United Airlines Mishaps</a>
Photo via Wikimedia Commons

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Airlines Challenge Biden Administration Over Fee Disclosure Rule: Report

Hawaiian Airlines HawaiianMiles members will receive preferential pricing on a CLEAR Plus membership
MAUI, Hawaii, April 29, 2024 /PRNewswire/ -- CLEAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>), the secure identity company, today announced it is launching its signature identity verification technology tomorrow at&nbsp;Kahului Airport (OGG) on Maui to streamline the airport's security screening experience. CLEAR's launch at OGG is expected to create 33 jobs and generate approximately $2.1 million annually in local economic impact.
Tomorrow's launch represents continued growth in CLEAR's national footprint, where it serves a total of 57 airports with its opt-in CLEAR Plus membership and over 20 million Members. Members use CLEAR's network of dedicated lanes to seamlessly and securely verify their identity with their eyes or fingerprint, replacing the need to take out their wallet and driver's license. After verification, a CLEAR Ambassador escorts Members through the dedicated lane and directly to TSA physical security, saving them time waiting in line at the security checkpoint.
"The addition of CLEAR to our airport system, starting with Kahului Airport, will provide frequent travelers with an option to help make the security screening experience faster and more efficient," said Ed Sniffen, director of the Hawaii Department of Transportation.
CLEAR expects to also launch its signature identity verification technology at Honolulu's Daniel K. Inouye International Airport (HNL) in the coming weeks.
"CLEAR is thrilled to be in Maui and bring frictionless, predictable travel to Maui residents. In addition to bringing jobs and investment to the Island, we are proud to continue our support of&nbsp; rebuilding efforts through the Hawai'i Community Foundation," said CLEAR CEO Caryn Seidman Becker.
In addition, CLEAR rolled out a strategic collaboration with Hawaiian Airlines to offer its HawaiianMiles members discounted CLEAR Plus membership.
Starting tomorrow, HawaiianMiles members will receive preferential pricing on an annual CLEAR Plus membership, allowing them to move faster through security at OGG and <a href="https://www.clearme.com/where-we-are">56 other airports nationwide</a>. Hawaiian Airlines and CLEAR are offering Pualani Platinum, Pualani Gold, and Premier Club members a preferred membership rate of $149, and HawaiianMiles members a preferred rate of $179. Pualani Platinum members who have flown over 75,000 flight miles will receive a complimentary annual CLEAR Plus membership. CLEAR already operates its signature CLEAR Plus identity verification lanes in 13 of Hawaiian Airlines' 15 North American destinations. For more information, visit <a href="https://www.clearme.com/partners/hawaiian-airlines">clearme.com/partners/hawaiian-airlines </a>.
&nbsp;"As Hawaii's hometown carrier, we are pleased to partner with CLEAR to offer our loyal members preferential CLEAR Plus pricing to make their travel on Hawaiian Airlines even more effortless," said Bryan Kapeckas, managing director of loyalty and travel products at Hawaiian Airlines.&nbsp;
"CLEAR is obsessed with the customer experience and excited to bring HawaiianMiles Members the predictability of CLEAR Plus," said Kyle McLaughlin EVP of Aviation at CLEAR.
Those who opt-in to CLEAR Plus can add up to three family members or friends to their account for $99 each. Family members under 18 years old can always join you in the CLEAR Lane for free. Beyond the airport, CLEAR members can seamlessly affirm their identity for free wherever life takes them – whether they're checking into a hotel, visiting the doctor, renting a car, or cheering on their favorite sports team.

CLEAR Launches New Lane At Maui's Kahului Airport & Partnership With Hawaiian Airlines To Make Travel Easier; Launch At OGG Is Expected To Create 33 Jobs And Generate ~$2.1M Annually In Local Economic Impact

The Only Monthly Membership With a Positive ROI!

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The Only Monthly Membership With a Positive ROI!

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Hawaiian Holdings (HA) Forecast

Hawaiian Holdings (NASDAQ:HA) Stock, Quote.Headers.trade-ideas