Hawaiian Airlines to Launch $100mn Share Buyback Plan

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Hawaiian Airlines has announced plans to repurchase USD100 million worth of its own stock by the end of 2019.

The new stock repurchase programme will extend the existing one, which also covers USD100 million worth of shares. Hawaiian Airlines has repurchased 2.27 million shares worth USD90.5 million in 2017 alone.

According to an SEC filing, between 2015 and October 2017 Hawaiian has returned USD218 million to its shareholders.

The new programme comes on top of the first-ever dividend announced by the company in October 2017. Hawaiian Airlines paid out USD0.12 per share, totalling USD6.3 million. President and CEO Mark Dunkerley announced at that time that the airline will strengthen its long-term relations with its shareholders.

Source: ch-aviation.com