Hawaiian Airlines Posts $260m Full-Year Net Loss

Hawaiian Airlines Posts $260m Full-Year Net Loss
Eric Salard, CC BY-SA 2.0 , via Wikimedia Commons

Hawaiian Airlines has this week posted their financial results for the fourth-quarter, as well as for the full-year 2023.

It has been a challenging year for the airline, having posted a full-year net loss of $260m.

Without further ado, let’s get into it…

Hawaiian Airlines Posts $260m Full-Year Loss…

Hawaiian Airlines Posts $260m Full-Year Net Loss
Larry D. Moore, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons

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The breakdown for the fourth-quarter of 2023 and the full-year results are as follows:

Fourth Quarter 2023 – Key Financial Metrics and Results
  GAAP YoY Change Adjusted (a) YoY Change
Net Loss ($101.2M) ($51.0M) ($122.7M) ($98.0M)
Diluted EPS ($1.96) ($0.98) ($2.37) ($1.88)
Pre-tax Margin (19.0) % (10.4) pts. (22.9) % (18.6) pts.
EBITDA ($71.8M) ($65.7M) ($98.1M) ($123.7M)
Operating Cost per ASM 15.30¢ (0.16)¢ 11.77¢ 0.88¢
Full Year 2023 – Key Financial Metrics and Results
  GAAP YoY Change Adjusted (a) YoY Change
Net Loss ($260.5M) ($20.4M) ($313.5M) ($103.1M)
Diluted EPS ($5.05) ($0.38) ($6.08) ($2.00)
Pre-tax Margin (12.1) % (1.0) pts. (14.5) % (4.5) pts.
EBITDA ($103.6M) ($41.8M) ($169.0M) ($138.0M)
Operating Cost per ASM 14.90¢ (0.36)¢ 11.29¢ 0.51¢

Commenting on the results was Hawaiian Airlines President and CEO Peter Ingram:

“I am grateful to our team who accomplished an extraordinary amount, including realizing foundational investments during a challenging year”.

“Demand is solid across our networks, our brand remains strong in Japan as the market recovers, and we have seen steady improvement in travel to Maui.”

“We expect the combination with Alaska will create an even more competitive combined airline, positioning the Hawaiian Airlines brand to flourish in the years ahead.”

All eyes will be on how 2024 looks for the carrier.

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