Hawaiian Airlines Posts $511 Million Loss in ‘Challenging Year’

By Paul Riegler on 26 January 2021
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Hawaiian Airlines announced financial results for the fourth quarter of 2020 and the full calendar year.

The Honolulu-based carrier reported a $162.6 million loss for the quarter compared to a $49.7 million profit in the same period in 2019, and a $510.9 million loss for the full calendar year, compared to a $223 million profit year over year.

Calling 2020 “the most challenging year” that the airline industry has seen, the carrier sees the reopening of Hawaii to tourism and the airline’s testing program as the start of a “journey to recovery,” said Peter Ingram, the airline’s president.

Passenger revenue was down 85% for the quarter to $91.8 million, and down 74% for the year to $665 million. The number of revenue passengers flown in 2020 was 3.35 million, down 71.4% from 11.7 million.  Revenue per available seat mile, or PRASM, was down by 30% for the year.

(Photo: Accura Media Group)

 

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