Summary by Moomoo AI
Hawaiian Holdings, the parent company of Hawaiian Airlines, reported a net loss of $67.6 million, or $1.30 per diluted share, for the second quarter of 2024, compared to a net loss of $12.3 million, or $0.24 per diluted share, in the same period in 2023. Total revenue for the quarter was $731.9 million, up from $706.9 million year-over-year. Passenger revenue increased by 3.3% to $666.0 million, driven by a 4.1% increase in capacity and a 3.8% rise in revenue passenger miles. However, operating loss widened to $55.4 million from $9.6 million in the previous year, primarily due to a $70.8 million increase in operating expenses, including wages, benefits, aircraft fuel, and maintenance. Unrestricted cash, cash equivalents, and short-term investments stood at $1.3 billion as of June 30, 2024, up from $908.5 million at the end of...Show More
