SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 25, 2003
HAWAIIAN HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-31443 71-0879698
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
3375 KOAPAKA STREET, SUITE G-350
HONOLULU, HAWAII 96819-1869
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (808) 835-3700
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On April 25, 2003, Hawaiian Airlines, Inc. ("Hawaiian Airlines"), the
operating subsidiary of Hawaiian Holdings, Inc. (the "Company"), issued a news
release announcing certain developments in connection with its voluntary
petition for relief under chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") in the United States Bankruptcy Court for the District of
Hawaii, in Honolulu (the "Bankruptcy Court"), In re Hawaiian Airlines, Inc.,
Case No. 03-00817. A copy of the news release is filed as Exhibit 99.1 to, and
is incorporated by reference in, this current report on Form 8-K.
This current report on Form 8-K contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 that
reflect the current views of the Company and Hawaiian Airlines with respect to
certain current and future events and financial performance. Such
forward-looking statements are and will be, as the case may be, subject to many
risks, uncertainties and factors relating to the operations and business
environments of the Company and Hawaiian Airlines which may cause the actual
results of the Company and Hawaiian Airlines to be materially different from any
future results, expressed or implied, in such forward-looking statements.
Factors that could cause actual results to differ materially from these
forward-looking statements include, but are not limited to, the following: the
ability of the Company and Hawaiian Airlines to continue as a going concern; the
ability of Hawaiian Airlines to obtain court approval with respect to motions in
the Chapter 11 proceeding prosecuted by it from time to time; the ability of
Hawaiian Airlines to develop, prosecute, confirm and consummate one or more
plans of reorganization with respect to the Chapter 11 case; risks associated
with third parties seeking and obtaining court approval to terminate or shorten
the exclusivity period for Hawaiian Airlines to propose and confirm one or more
plans of reorganization, for the appointment of a Chapter 11 trustee or to
convert the case to a Chapter 7 case; the ability of Hawaiian Airlines to obtain
and maintain normal terms with vendors and service providers; the ability of
Hawaiian Airlines to maintain contracts that are critical to its operations; the
potential adverse impact of the Chapter 11 case on the liquidity or results of
operations of the Company and Hawaiian Airlines; the ability of Hawaiian
Airlines to fund and execute their business plan; the ability of the Company and
Hawaiian Airlines to attract, motivate and/or retain key executives and
associates; the ability of Hawaiian Airlines to attract and retain customers;
demand for transportation in the markets in which Hawaiian Airlines operates;
economic conditions; the effects of any hostilities or act of war (in the Middle
East or elsewhere) or any terrorist attack; labor costs; financing costs; the
cost and availability of aircraft insurance; aviation fuel costs;
security-related costs; competitive pressures on pricing (particularly from
lower-cost competitors); weather conditions; government legislation and
regulation; consumer perceptions of the products of Hawaiian Airlines; and other
risks and uncertainties set forth from time to time in the Company's reports to
the U.S. Securities and Exchange Commission.
Similarly, these and other factors, including the terms of any
reorganization plan ultimately confirmed, can affect the value of the various
pre-petition liabilities of
Hawaiian Airlines and the common stock and/or other equity securities of the
Company. No assurance can be given as to what values, if any, will be ascribed
in the bankruptcy proceedings to each of these constituencies, and it is
possible that the Company's equity will be restructured in a manner that will
substantially reduce or eliminate any remaining value. Accordingly, the Company
urges that the appropriate caution be exercised with respect to existing and
future investments in any of these liabilities and/or securities.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
None.
(b) PRO FORMA FINANCIAL INFORMATION.
None.
(c) EXHIBITS.
EXHIBIT NUMBER DOCUMENT DESCRIPTION
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99.1 News release, dated April 25, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HAWAIIAN HOLDINGS, INC.
Date: April 25, 2003 By: /s/ Christine R. Deister
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Name: Christine R. Deister
Title: Executive Vice President, Chief
Financial Officer and Treasurer