Hawaiian reports $107 million loss and delays 787s

Editorial

Hawaiian Airlines reported a loss of 107 million dollars over the second quarter of 2020. The airline says it does not anticipate flying any Boeing 787s before 2022.

Like many other airlines, Hawaiian saw a sharp drop in revenue over the second quarter of 2020 due to the coronavirus pandemic. In total, the airline generated 60 million dollars in revenue over Q2, amounting to a 92 percent year-on-year drop. In addition, passenger occupancy averaged just 23 percent over the last few months. Much of the decline also resulted from Hawaii’s requirement that all incoming travellers must quarantine for 14 days upon arrival. The measure has severely limited tourism on the island. All these factors together resulted in a quarterly 107 million dollar loss.

Two years ago, Hawaiian placed an order for ten Boeing 787-9s, with an option to order an additional ten. The delivery of the first two Dreamliners was formerly planned for 2021. Now that the Q2 financial results have been announced, CEO Peter Ingram says that the airline is in talks with Boeing about delaying the delivery of the 787s. Hawaiian now does not anticipate to take the 787s into service before 2022 or 2023.

© Hawaiian Airlines
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