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Hawaiian Air’s 2-year bonds stun with 18% gain on news of Alaska Air takeover

Por: MarketWatch Business December 04, 2023

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It’s the latest example of bonds showing equity-like returns, albeit it’s unusual to see a move that big in a single day. See now: Hawaiian Air has a total of $1.6 billion of long-term debt, according to FactSet data, with $1.5 billion of that in the form of bonds. Price performance of Hawaiian Airlines 5.75% note maturing 1-20-2026. BondCliQ Media Services As the following chart shows, there has been net selling of the bond on Monday, most... + full article



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