Hawaiian Airlines posts US$6.2 million net loss in second-quarter of 2021

Hawaiian Airlines ©AirTeamImages

For the second quarter of 2021, Hawaiian Airlines has reported a net loss of US$6.2 million, and an adjusted net loss of US$73.8 million. The company reported total revenue of US$410.8 million, down 42% compared to the second quarter of 2019, on 30% lower capacity. Total operating expenses was US$392.3 million, and operating expenses excluding non-recurring items was US$478.4 million, down 23% compared to the second quarter of 2019.

In the second quarter of 2021, the company continued to rebuild and expand its network, primarily in North America . In June 2021 , Hawaiian’s North America traffic exceeded June 2019 levels. During the second quarter of 2021, the company operated at an average of 70% of its 2019 second quarter system capacity, comprised of 97%, 57% and 11% capacity on its North America, Neighbor Island (Hawaii), and international routes, respectively.

The company further enhanced its liquidity position during the second quarter of 2021 with US$173.4 million in grants and US$31.4 million in loans pursuant to the Payroll Support Program Extension Agreement (the “PSP Extension Agreement”) and Payroll Support Program 3 Agreement with the U.S. Department of the Treasury.

As of June 30, 2021, the company had US$2.4 billion in liquidity, including the undrawn portion of its US$235 million revolving credit facility.

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