Hawaiian Holdings, Inc. Is Joining the Airline Dividend Club
In the decade after 9/11, while most of its competitors were going bankrupt, Southwest Airlines (NYSE: LUV) was the only major airline to continue paying a dividend. However, in the past five years, many airlines have started to pay quarterly dividends again. This has been a way for airlines to reward their long-suffering shareholders -- and demonstrate confidence that their return to profitability is sustainable.
Last week, Hawaii-focused leisure carrier Hawaiian Holdings (NASDAQ: HA) became the latest airline to institute a dividend. Considering the company's strong performance lately, it's no surprise that Hawaiian Holdings is ready to start returning more cash to shareholders.
Hawaiian Holdings will start paying a dividend next month. Image source: Hawaiian Airlines.
Source: Fool.com
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