HONOLULU, June 30 /PRNewswire-FirstCall/ -- Hawaiian Holdings, Inc. ("Holdings" or "the Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), today announced that it has been added to the Russell 3000(R) Index.
The Russell 3000 Index is market cap weighted and measures the performance of the largest 3000 common stocks incorporated in the United States and its territories. The index was constructed to provide a comprehensive barometer of the broad market. It is reconstituted annually to capture new and growing equities.
"Being added to the Russell 3000 index is a major accomplishment for Hawaiian. It is recognition of our achievements, growth and Hawaiian's strengthened market position in our industry," commented Mark Dunkerley, president and chief executive officer. "We believe our inclusion in this well known index will help us bring Hawaiian's story to a wider audience of institutional investors which will more closely align our market capitalization with the company's performance."
The Russell 3000 also serves as the U.S. component to the Russell Global(R)Index, which Russell launched last year. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. The complete final membership list of companies posted on the Russell 3000 Index can be found at http://www.russell.com/.
Real-time market analysis on the Russell Indexes is available at http://www.russell.com/Indexes/performance/real_time_market_analysis.asp.
About Hawaiian Airlines
The nation's top-ranked airline for service in the 2007 Airline Quality Ratings, Hawaiian has led all U.S. carriers in on-time performance for each of the past four straight years (2004-2007) and in fewest misplaced bags for the past three years (2005-2007) as reported by the U.S. Department of Transportation. Consumer surveys by Conde Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian as the top domestic airline serving Hawaii.
Now in its 79th year of continuous service in Hawaii, Hawaiian is the state's biggest and longest-serving airline, as well as the second largest provider of passenger air service between the U.S. mainland and Hawaii. Hawaiian offers nonstop service to Hawaii from more U.S. gateway cities than any other airline (10), as well as service to Australia, American Samoa, the Philippines and Tahiti. Hawaiian also provides approximately 150 daily jet flights among the Hawaiian Islands. Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. .
Additional information is available at HawaiianAirlines.com.
