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Hawaiian Airlines shares jump higher with ‘gamechanger’ Amazon cargo deal (NASDAQ: HA)


Máy bay Airbus A330 của Hawaiian Airlines cất cánh tại Sân bay Quốc tế Los Angeles (<a href =

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Hawaiian Airlines (NASDAQ:HA) shares marked double-digit gains on Friday after announcing a new freight deal with Amazon (NASDAQ:AMZN).

Under the terms of the agreement, the airline will operate and maintain 10 Airbus A330s owned by Amazon (AMZN) under its FAA certification. The plane, which will enter service in 2023 and 2024, will be used to transport goods between airports near the e-commerce giant’s facilities.

The terms also specify that Hawaiian (HA) released Amazon (AMZN) guarantees the purchase of up to 15% of the company’s common shares. Warrants are valid for the next 9 years.

JP Morgan analyst Michael Linenberg called the deal a “game changer” that would help stabilize earnings for the airline.

“We think Amazon (AMZN) the business will not improve Hawaii’s revenue diversification, but help ease the income volatility that is characteristic of Hawaii’s passenger business,” he told clients Friday. . “Moreover, it will represent another top source of growth for the company.”

Shares of Hawaiian Airlines (HA) skyrocketed 11.58% during the first hour of US trading on Friday.

Read more about details of the agreement.

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