Hawaiian Holdings, Inc. (NASDAQ: HA), the parent company of Hawaiian Airlines, announced its financial results for the second quarter of 2024 on July 30, 2024. The company reported a net loss of $67.6 million and a diluted EPS of $1.30, with a pre-tax margin of (9.2)%. Adjusted net loss was $71.0 million with an adjusted diluted EPS of $1.37. Operating revenue per ASM was 13.99 cents, a slight decrease from the previous year. The company highlighted significant investments, including the introduction of Boeing 787-9s to its fleet, the rollout of Starlink WiFi, and the addition of three new North American routes. Hawaiian Holdings also reported progress on its pending merger with Alaska Airlines, including an extension of the review period by the DOJ. The company's liquidity stood at...Show More

Hawaiian Holdings, Inc. (NASDAQ: HA), the parent company of Hawaiian Airlines, announced its financial results for the second quarter of 2024 on July 30, 2024. The company reported a net loss of $67.6 million and a diluted EPS of $1.30, with a pre-tax margin of (9.2)%. Adjusted net loss was $71.0 million with an adjusted diluted EPS of $1.37. Operating revenue per ASM was 13.99 cents, a slight decrease from the previous year. The company highlighted significant investments, including the introduction of Boeing 787-9s to its fleet, the rollout of Starlink WiFi, and the addition of three new North American routes. Hawaiian Holdings also reported progress on its pending merger with Alaska Airlines, including an extension of the review period by the DOJ. The company's liquidity stood at $1.5 billion, with $1.3 billion in unrestricted cash and short-term investments. Total operating revenue for Q2 2024 increased by 3.5% year-over-year, driven by a 6.4% increase in other revenue, primarily from cargo operations. Looking ahead, Hawaiian Holdings provided guidance for the third quarter of 2024, expecting an increase in available seat miles and a decrease in operating revenue per ASM. The company also updated its full-year outlook, anticipating a rise in ASMs and a slight increase in CASM excluding fuel and non-recurring items.