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): March 26, 2003
HAWAIIAN HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-31443 71-0879698
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) 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 March 26, 2003, Hawaiian Holdings, Inc. (the "Company") issued a
news release relating to the halted trading in its common stock on the American
Stock Exchange and Pacific Exchange. 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, Inc. ("Hawaiian
Airlines"), its operating subsidiary, 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 cases; 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 cases to Chapter 7 cases;
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 cases 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 March 26, 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: March 26, 2003 By: /s/ Christine R. Deister
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Name: Christine R. Deister
Title: Executive Vice President, Chief
Financial Officer and Treasurer