Hawaiian Airlines’ parent authorizes $10 million share repurchase

Hawaiian authorizes $10 million share repurchase

HONOLULU — The parent company of Hawaiian Airlines Inc. plans to buy back up to $10 million of its outstanding common stock.

Hawaii Holdings Inc. said Thursday that amounts to about 3.7 percent of its outstanding common shares.

Hawaiian CEO Mark Dunkerley says the Board of Directors’ decision to authorize the share repurchase reflects the confidence the company has in its future and its commitment to build value for shareholders.

Separately, Hawaiian says it expects to record a gain of $9 million in its earnings for the July to September quarter from its share of a lawsuit settlement between LAX TWO Corp. and Los Angeles World Airports.

Hawaiian’s shares ended Thursday trading up 7 cents, or 1.35 percent, at $5.24 on the Nasdaq exchange.