Hawaiian Airlines parent Hawaiian Holdings Inc. /zigman2/quotes/203188135/composite HA +3.23% disclosed Tuesday that it received on April 22 the first installment of the Payroll Support Program under the CARES Act of $146 million. That is half of the expected total of $292.5 million. Under terms of the PSP, Hawaiian agreed not to conduct involuntary furloughs or cut employees pay or benefits through Sept. 30, to limit executive compensation through March 24, 2022 and to suspend dividend payments and stock repurchases through Sept. 30, 2021. Hawaiian also agreed to issue to the U.S. government warrants to buy a total of 488,477 shares of common stock, or about 1.1% of the current shares outstanding, at an exercise price of $11.82 a share. The stock, which rose 1.3% in premarket trading, has plunged 58.2% over the past three months through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has lost 12.1%.