MIAMI – Hawaiian Holdings, Inc., parent company of Hawaiian Airlines (HA) today reported its financial results for the first quarter of 2021. As per the press release, for the Q1 2021, HA reported a net loss of US$60.7m, and adjusted net loss of US$190.6m.
The company reported total revenue of US$182m, down 72% compared to the first quarter of 2019, on 49% lower capacity. However, after a slow start to the year, HA experienced a rebound in close-in demand in North America in March 2021.
In addition, Hawaiian Holdings reported total operating expenses of US$255.4m, and operating expenses excluding non-recurring items of US$402.7m, down 33% compared to the first quarter of 2019.
Comments from Hawaiian Holdings CEO
Peter Ingram, Hawaiian Airlines President and CEO commented on the rebound seen in Q1 despite the challenges that the COVID-19 pandemic continues to impose on on the industry. “Bookings in North America improved materially as we began to realize the pent up demand for leisure travel after a year of lockdown.”
“I am grateful to my colleagues who continue to connect people with aloha in the face of historic uncertainty. I am more optimistic each day about our progress as we rebuild our network and capitalize on the resilience of Hawai’i as a post-pandemic vacation destination.”
During Q1, the State of Hawai’i continued its Safe Travels program. This program allows guests to avoid quarantine with evidence of a negative COVID-19 test, subject to certain additional county-specific requirements."We reached an important inflection point during the first quarter on our path to recovery with an encouraging rebound in demand." Peter Ingram, Hawaiian Airlines CEO Click To Tweet
The airline continued to rebuild and expand its North American network. During Q1, HA operated an average of 51% of its first quarter system 2019 capacity, comprised of 73%, 38% and 12% of North America , Neighbor Island and International 2019 capacity levels, respectively.
In March and April HA launched four new North America routes. Starting in the summer of 2021, Hawaiian will expand frequencies on the less than daily routes.
- Daily service between Kahului , Maui (OGG) and Long Beach (LGB)
- Twice-weekly service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Orlando International Airport (MCO)
- Five-times-weekly service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Ontario International Airport (ONT)
- Twice weekly service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Austin-Bergstrom International Airport (AUS)
Hawaiian has also announced it will initiate four-times-weekly service between Kahului, Maui (OGG) and Phoenix Sky Harbor International Airport (PHX) starting in May.
Featured image: Hawaiian Airlines N230HA Airbus A321neo. Photo: Nick Sheeder/Airways