Hawaiian narrows Q4 loss; sees international recovery later in 2022

Hawaiian Holdings, the parent company of Hawaiian Airlines, says Q4 losses narrowed as tourists returned to the Pacific Ocean archipelago in greater numbers toward the end of 2021. The Honolulu-based carrier says on 25 January it lost $92.6m during the final quarter of 2021, compared to $162.6m for the same quarter during 2020, amid widespread travel restrictions, including quarantine measures. For the full year, Hawaiian lost $144.8m compared to $510.9m in 2020. Total revenue for Q4 came in at $494.7m, down 30% compared to Q42019, on 19% lower capacity. For the full year of 2021, Hawaiian posted revenue of $1.6b, down 44% compared to the full year of 2019, on 29% lower capacity. “Demand for leisure travel remains resilient as evidenced by strong domestic travel volumes to Hawaii, and the building blocks continue to fall into place for a recovery of international demand in 2022,” says Hawaiian’s CE Peter Ingram. “We ended the quarter largely as expected with strong demand and signs of recovery,” he adds. “We faced operational disruption due to the Omicron variant and have had to make modest near term adjustments to restore our operational integrity and are on better footing for the months ahead.”<br/>