Hawaiian Airlines parent Hawaiian Holdings Inc. /zigman2/quotes/203188135/composite HA +3.23% disclosed Monday that it changed its plans regarding participation in the government's Economic Relief Program under the CARES Act, to receive a larger loan but also provide more warrants to buy the company's stock. The air carrier said it is now seeking an additional 5-year interest-bearing loan of $364 million, with the collateral to be determined later. Hawaiian said that obligates it to issue warrants for the government to buy up to 6.7% of the company's outstanding shares at $11.82 a share, which is 2.7% above Friday's closing price of $11.51. Previously, the company said that under the Payroll Support Program under the CARES Act, it expected to receive just $290 million, of which $57 million would have been an interest-bearing loan that matures in 10 years, which would've obligated the company to issue warrants to buy 1% of the shares outstanding. The new plan requires Hawaiian to maintain employment levels as of March 24 until Sept. 30 not less than 90% of such levels, while the previous plan would have required the company to refrain from involuntary furloughs or reduce their pay or benefits. Hawaiian's stock, which slipped 0.6% in premarket trading, has plunged 60.7% year to date through Friday, while the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS +1.21% has tumbled 54.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has declined 11.0%.