Hawaiian Q3 suffers under coronavirus Delta variant fears

Hawaiian Holdings, parent of Hawaiian Airlines, experienced an uneven Q3 after fears about the coronavirus’ more-virulent Delta variant battered the carrier’s advance bookings and the state’s governor told tourists to stay away. The Honolulu-based airline says on 26 October that it earned $509 million in revenue during the three months ending on 30 September, down 33% from the same three-month period in pre-coronavirus 2019. Net profit for the quarter came in at $14.7m. Excluding US government aid, the airline lost $48.7m during the quarter. “The surge in in Covid cases associated with the Delta variant has dampened our financial performance,” says CE Peter Ingram “As much as we would like to see a straight-line recovery, the pandemic delivers twists and turns.” That said, the carrier seems to have the worst of the “Delta variant interlude” behind it, Ingram says. The quarter started strong, with the airline operating 115% of 2019 capacity to the US mainland in July. Hawaiian readjusted a few weeks later.<br/>