Hawaiian Airlines Reports Loss, But Sees Strong Bookings for the Rest of 2021
Hawaiian Airlines saw more traffic in June this year than it did during the same month in 2019.
Financially, the company lost money during the months of April, May and June 2021. It reported a net loss of $6.2 million and adjusted net loss $73.8 million.
Total revenue was $410.8 million, down 42% compared to the same quarter of 2019, while at 30% lower capacity.
With international travel restrictions in place and domestic travel restrictions lifting, the airline saw most of its traffic come from North America. It has restored all its pre-pandemic North America routes and added Austin-Honolulu route, seasonal Phoenix-Maui route and restored its Las Vegas-Maui route.
But the local airline is optimistic for the future.
During an investor call Tuesday, Brent Overbeek, senior vice president, revenue management and network planning at Hawaiians Airlines, said customers earlier this year were booking flights less than 60 days ahead. Now the airlines are seeing bookings months in advance - which is more in line with their historical booking periods.
"Demographics of our customers are getting a little bit older than where they were in the second quarter where we had tended to look a little bit younger," Overbeek said. "We still continue to see a lot of larger groups in terms of family size traveling as opposed to individuals and as business traffic and convention traffic comes back, you know, a little bit later than some of the leisure travel we see more people traveling in larger parties and that has certainly pushed out the booking curve a bit. And in terms of the holidays themselves in the fourth quarter they’re off to a really good start and we're encouraged.”
Compared to 2019 numbers, Overbeek said travel bookings for the third quarter were in line and fourth quarter bookings were ahead.