{"id":518389,"date":"2021-07-27T16:04:29","date_gmt":"2021-07-27T20:04:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hawaiian-holdings-reports-2021-second-quarter-financial-results\/"},"modified":"2021-07-27T16:04:29","modified_gmt":"2021-07-27T20:04:29","slug":"hawaiian-holdings-reports-2021-second-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hawaiian-holdings-reports-2021-second-quarter-financial-results\/","title":{"rendered":"Hawaiian Holdings Reports 2021 Second Quarter Financial Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n HONOLULU<\/span>, July\u00a027, 2021 \/PRNewswire\/ — Hawaiian Holdings,\u00a0Inc. (NASDAQ: HA) (the “Company”), parent company of Hawaiian Airlines,\u00a0Inc. (“Hawaiian”), today reported its financial results for the second quarter of 2021.<\/p>\n

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\n \"Hawaiian
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\n Second Quarter 2021 – Key Financial Metrics<\/b>
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\n GAAP<\/b>
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\n \n <\/td>\n\n

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\n YoY Change<\/b>
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\n \n <\/td>\n\n

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\n Adjusted<\/b>
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\n \n <\/td>\n\n

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\n YoY Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Net Loss<\/b>
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\n $(6.2)M<\/span>\n <\/p>\n<\/td>\n

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\n $100.7M<\/span>\n <\/p>\n<\/td>\n

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\n $(73.8)M<\/span>\n <\/p>\n<\/td>\n

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\n $100.9M<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Diluted EPS<\/b>
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\n \n <\/td>\n\n

\n $(0.12)<\/span>\n <\/p>\n<\/td>\n

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\n $2.21<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1.44)<\/span>\n <\/p>\n<\/td>\n

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\n $2.37<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Pre-tax Margin<\/b>
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\n (2.0)%<\/span>\n <\/p>\n<\/td>\n

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\n +252.2 pts.<\/span>\n <\/p>\n<\/td>\n

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\n (22.9)%<\/span>\n <\/p>\n<\/td>\n

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\n +361.0 pts.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

“We made meaningful strides toward recovery during the second quarter, propelled by continued strong demand on our US mainland routes,” said Peter Ingram<\/span>, Hawaiian Airlines President and CEO. “It is encouraging to see how far we’ve come and I am optimistic about our continued recovery. My immense appreciation goes out to our team, who continues to embrace our purpose, in spite of the challenges facing them.”<\/p>\n

Statistical data, as well as a reconciliation of the reported non-GAAP financial measures, can be found in the accompanying tables.<\/p>\n

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\n Second Quarter 2021<\/u>
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\n Financial Results<\/i>
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For the second quarter of 2021, the Company reported a net loss of $6.2 million<\/span>, and an adjusted net loss of $73.8 million<\/span>.\u00a0 <\/p>\n

The Company reported total revenue of $410.8 million<\/span>, down 42% compared to the second quarter of 2019, on 30% lower capacity.<\/p>\n

The Company reported total operating expenses of $392.3 million<\/span>, and operating expenses excluding non-recurring items of $478.4 million<\/span>, down 23% compared to the second quarter of 2019. <\/p>\n

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\n Routes and Network<\/i>
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The State of Hawai’i made several positive changes to its Safe Travels program in the second quarter of 2021, including:<\/p>\n