Hawaiian Airlines is anticipated to get close to breaking even before taxes in the fourth quarter, as revealed in Alaska Air Group’s financial results.
The temporary cost increases that were straining financial performance — including revenue loss due to the Airbus A321neo engine issues which led to operational halts, launching of Airbus A330 freighter operations for Amazon, and the completion of investments related to the start of Boeing 787 operations — have been resolved.
Passenger revenue per available seat mile (PRASM) exhibited positive growth in North America for the third quarter and is expected to see a mid-single-digit year-over-year increase in the fourth quarter. International routes are anticipated to improve from a double-digit decrease year-over-year to a flat performance in the fourth quarter, while inter-island routes are expected to significantly improve year-over-year.
Hawaiian Holdings has been recording a slump in performance and net losses since the fiscal year ending in December 2020, with a final net loss of $260 million USD for the fiscal year ending in December 2023.
On December 10, Alaska Air Group will host an Investor Day to announce business strategies and synergies following the integration with Hawaiian Airlines.
