COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  Hawaiian Airlines Inc.
Parent Company:  Hawaiian Holdings
Award Date:  Apr 22, 2020
Award Type:  grant
Grant Amount:  $233,000,000
Awarding Agency:  Treasury Department
Program Name:  Payroll Support Program
Award Details: 

Hawaiian Holdings announced it would receive a total of $290 million in federal assistance under the Payroll Support Program, of which $57 million (listed separately) would be a loan, implying that the remaining $233 million would be a grant. The company issued warrants to Treasury allowing it to purchase a 1 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