Hawaiian Holdings, the parent company of Hawaiian Airlines, reported a challenging financial year in 2023 with operating revenue reaching $2.7 billion, a modest increase of 2.8% from 2022. Despite an 8.4% increase in capacity and a 12.9% rise in Revenue Passenger Miles, the company faced an operating loss of $293.7 million, deepening from a $210.1 million loss in 2022. The GAAP net loss was $260.5 million, or $5.05 per diluted share, compared to a net loss of $240.1 million, or $4.67 per diluted share in the previous year. The company did not pay dividends in 2023, continuing the trend from the previous two years. Hawaiian Holdings also announced a proposed merger with Alaska Air Group, which is expected to close within 12 to 18 months from December 2, 2023. Additionally, the company entered into an Air Transportation Services...Show More

Hawaiian Holdings, the parent company of Hawaiian Airlines, reported a challenging financial year in 2023 with operating revenue reaching $2.7 billion, a modest increase of 2.8% from 2022. Despite an 8.4% increase in capacity and a 12.9% rise in Revenue Passenger Miles, the company faced an operating loss of $293.7 million, deepening from a $210.1 million loss in 2022. The GAAP net loss was $260.5 million, or $5.05 per diluted share, compared to a net loss of $240.1 million, or $4.67 per diluted share in the previous year. The company did not pay dividends in 2023, continuing the trend from the previous two years. Hawaiian Holdings also announced a proposed merger with Alaska Air Group, which is expected to close within 12 to 18 months from December 2, 2023. Additionally, the company entered into an Air Transportation Services Agreement (ATSA) with Amazon, commencing operations with a single aircraft in October 2023 and planning to expand to six aircraft by the end of 2024. Looking ahead, Hawaiian Holdings is focused on recovering international travel demand, managing operational disruptions due to engine shortages, and navigating the impacts of the weakening Japanese Yen on international demand.