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BRIEF-Hawaiian Holdings announces ratification of 63-month contract amendment with its pilots
March 24, 2017 / 8:45 PM / 9 months ago

BRIEF-Hawaiian Holdings announces ratification of 63-month contract amendment with its pilots

March 24 (Reuters) - Hawaiian Holdings Inc -

* Announced ratification of a 63-month contract amendment with its pilots as represented by air line pilots association

* In H2 to make a one-time cash payment of $100 - $110 million to settle portion of outstanding other post-retirement plan obligation with pilots

* Ratification is also expected to result in an ongoing net increase to wages and benefits expense beginning on April 1, 2017

* Ratification is expected to result other benefits that will result in a financial charge up to $30 million in q1

* Ratification is expected to result in one-time cash payment of about $55 - $60 million in Q1 related to a ratification bonus -SEC filing Source text: [bit.ly/2nljguN] Further company coverage:

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