Hawaiian Airlines has posted a third-quarter operating loss of USD 54.9 million.
The carrier cites the devastating wildfires that impacted the country as a critical catalyst for the poorer-than-expected results.
Breaking Down The Details
Hawaiian Airlines posted in the third quarter of 2022 only a USD 3 million loss; the sharp increase to almost 55 million is noticeable.
Revenues for the third quarter came in at USD 728 million, only down 1.8% compared to one year prior.
Passenger revenues were reported to be at USD 665 million. The load factor also saw an increase of 3.1 percentage points.
Additionally, increases were reported in unit capacity and RPMs.
Hawaiian Airlines Tricky Quarter
While revenues were essentially solid, at USD 728 million, the carrier noted that many issues impacted demand alongside the airline’s ability to serve markets.
The Maui wildfires resulted in significant drops in demand for the location, alongside issues across their network.
While away from wildfires, the company noted that it was negatively impacted by the ongoing Pratt & Whitney engine difficulties that have plagued Airbus aircraft.
The announcement from RTX on July 25, 2023, announcing anticipated part removals and inspections, impacted their fleet of Airbus A321neos.
Thus once more impacting their ability to operate a robust schedule to destinations worldwide.
Third Quarter Highlights
While it was largely bleak for the company on an operating front, especially within Hawaii, there were some underlying highlights for the quarter.
The company commenced operations with its A330-300F contract freighter business on October 2 2023.
Away from this, it announced the resumption of service towards Tokyo Haneda, Japan and Kona, Hawaii.
The airline also geared up for the arrival of its Boeing 787 Dreamliner. It was also highlighted through the launch of ticket sales in anticipation of the commencement of flights in 2024.