Hawaiian Airlines Reports $61 Million Loss as Travel Returns to the Islands

By Paul Riegler on 28 April 2021
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Hawaiian Airlines announced financial results for first quarter of 2021.

The Honolulu-based carrier reported a first-quarter loss of $60.7 million amidst the coronavirus pandemic-induced decline in travel, a figure significantly lower than the $144.4 million loss that the carrier posted in the same period in 2020 when the pandemic was in its early stages.

“Despite the positive evolution of the quarter, our financial performance remains dramatically affected by the pandemic,” the airline’s CEO, Peter Ingram, said on an earnings call on Tuesday.

Revenue for the period was $182 million, down more than 67% from the $559.1 million the airline reported in the same period in 2019.

Ingram said that, “[M]ore so than any time in the past year, we experienced a quarter with more rays of sunshine and dark clouds,” noting that the airline has seen a “material improvement” in bookings for its North America routes.

(Photo: Accura Media Group)

Accura News

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