Hawaiian Airlines posts Q4 loss as travel restrictions remain

Hawaiian Airlines reported a Q4 loss of $172.8m as the ongoing global coronavirus crisis and ensuing strict travel restrictions in its home state continue to create hardship for the business. The Honolulu-based carrier’s full-year loss came in at $551m, compared to a profit of $218.9m in 2019. Revenue in the quarter was just under $150m, down 79% from the same quarter in 2019. For the full year 2020, the airline reported $845m in revenue. That’s 70% lower than the year before. “While 2020 has been the most challenging year the airline industry has experienced, we are encouraged that the re-opening of Hawaii to tourism through the state’s pre-travel testing program and Hawaiian’s successful testing partnerships have allowed us to begin the journey to recovery,” says Hawaiian’s CE Peter Ingram. “The negative impacts of Covid-19 will create a challenging beginning of 2021, but we are confident that the structural pieces are in place for a sustained recovery,” he adds.<br/>