Hawaiian Holdings reports 2021 fourth-quarter and full-year financial results

Hawaiian Airlines ©AirTeamImages

Hawaiian Holding, the parent company of Hawaiian Airlines, has reported its financial results for the fourth-quarter and full-year 2021.

The company reported total revenue of US$494.7 million for the fourth quarter, down 30% compared to the fourth quarter of 2019, on 19% lower capacity. Hawaiian Holdings reported total operating expenses of US$566.1 million and adjusted operating expenses of US$443.4 million. The company reported EBITDA of (US$58.9) million and adjusted EBITDA of (US$30.7) million.

For the full year of 2021, Hawaiian Holdings reported total revenue of US$1.6 billion, down 44% compared to the full year of 2019, on 29% lower capacity. The company reported total operating expenses of US$1.7 billion and adjusted operating expenses of US$1.6 billion. The company reported EBITDA of US$63.4 million and adjusted EBITDA of (US$238.7) million.

As of December 31, 2021, Hawaiian Holdings had US$2.0 billion in liquidity, including its undrawn US$235 million revolving credit facility. (£1.00 = US$1.35 at time of publication).

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