COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  Hawaiian Airlines
Parent Company:  Hawaiian Holdings
Award Date:  Apr 17, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $364,000,000
Awarding Agency:  Treasury Department
Program Name:  Economic Relief Program
Award Details: 

Hawaiian Holdings announced it would receive a $364 million loan under the Economic Relief Program. As part of the deal the company issued warrants to the Treasury Department allowing it to acquire a 6.7 percent interest in the company.

Parent Company Data

Ownership Structure:  publicly traded (ticker symbol HA)
Headquartered in:  Hawaii
Parent Sector:  airlines
Parent Industry:  airlines
Employees (prior to pandemic):  7,437

Parent Accountability Issues Since 2010

Environmental / Healthcare / Safety Penalties:  $1,347,839
Consumer Protection / Financial / Competition-related Penaties:  $285,000
Ratio of CEO Pay to that of Median Worker:  45.9 to 1
CEO Compensation:  $3,196,153