Summary
- Hawaiian Airlines reports strong Q2 results with $1.3 billion in money, driven by high demand and latest routes.
- The carrier experienced a big increase in passenger loads, particularly on North America routes and flights inside Hawaii.
- Hawaiian Airlines sees growth in international routes, particularly from Japan, contributing to an overall increase in its international load factor yr over yr.
Hawaiian Airlines has announced strong results for the second quarter of this yr. The carrier closed the newest term with unrestricted money, money equivalents, and short-term investments of $1.3 billion against its outstanding debt and finance lease obligations of $1.7 billion.
High demand, substantial passenger loads, and the launch of several latest routes contributed to solid growth. The second quarter brought an 11% bump in capability across Hawaiian’s network, with international capability increasing by 141.4%.
Big bump across the Pacific
The second quarter brought substantial passenger loads for the carrier as leisure demand stays historically high. Hawaiian’s North America load factor was over 90%, its highest second-quarter load factor for its North America routes since 2017. On flights throughout the State of Hawaii, the carrier reported load aspects on flights between Maui, Oahu, Kauai, and Hawaii Island reached 75.3%. Its highest ‘Neighbor Island’ number for the quarter since 2015.
One other significant expansion comes compliments of Hawaiian’s recent westward growth. The carrier resumed flights to Fukuoka, Japan, from Honolulu on April twenty eighth with thrice-weekly service. The route is served by its Airbus A330 fleet, which offers 278 seats across three classes, bringing Hawaian’s Japanese seat capability to around 70% of pre-pandemic levels.
Traffic originating in Japan led to a big increase in Hawaiian’s International routes, contributing to an overall 16.2% increase in its International load factor yr over yr. Hawaiian Airlines President and CEO Peter Ingram highlighted his excitement for the news:
“I need to thank our team members who’ve been caring for our guests in a dynamic operating environment.
“Demand stays strong throughout our network, and we’ve got recently seen a big increase in bookings by travelers in Japan, a very important geography that has trailed within the recovery of the general market. Against the backdrop of improving operations and robust demand, I’m enthusiastic about the key initiatives we’re on course to deliver within the second half of the yr.”
Photo: Philip Pilosian/Shutterstock
Along with Fukuoka, Hawaiian Airlines also offers day by day flights to a few other Japanese airports: Tokyo Haneda (HND), Tokyo Narita (NRT), and Osaka Kansai (KIX).
What else happened this quarter?
Along with Japan, the airline is investing in other international routes. On May twentieth, the carrier returned to the Cook Islands after a thirty-year gap. Hawaiian began a weekly service to Rarotonga Avarua International Airport (RAR) using its Airbus A321neo, which features 16 seats within the Premium Cabin, 45 Extra Comfort or premium economy seats, and 128 within the economy.
The carrier also unveiled its latest Boeing 787 Dreamliner cabin design and a brand new business class product, the Leihōkū suites. The Dreamliner will include 34 latest seats featuring flat beds, privacy doors, and shared double suites. Delivery is barely behind schedule, with the primary aircraft expected to enter service in 2024.
Photo: Hawaiian Airlines
Elsewhere the airline donated 34 million HawaiianMiles to support Moananuiākea, the Polynesian Voyaging Society’s 47-month circumnavigation of the Pacific Ocean on the voyaging canoes Hōkūleʻa and Hikianalia.