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HAWAIIAN HOLDINGS INC logo

HAWAIIAN HOLDINGS INC

hawaiianairlines.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Jul 31, 2024. Its latest SEC filing is a EFFECT from Oct 1, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Flies passengers and cargo between the Hawaiian Islands, the U.S. mainland, and international destinations for travelers and cargo customers.

How Did They Make Money?

Passengers buy tickets, with fares earned when transportation is provided; other revenue comes from cargo, service fees and loyalty marketing, earned when services are provided.

revenue
SegmentShareRevenue
Passenger
Sold outright

91%
FY2020: 79%
Other
Sold outright
9.4%
FY2020: 21%

Who Were Their Customers?

Travelers book through Hawaiian’s website, online travel agencies, travel agencies, and wholesale distributors; Amazon buys cargo transportation directly under an air-services agreement.

Did Revenues Turn Into Profits?

No. It lost $260.5M in FY2023.

Operating income, FY2023
−11% of revenue
▲ +40% (Loss) vs FY2022 (−$210.1M, −8%)
Net income, FY2023
−10% of revenue
▲ +9% (Loss) vs FY2022 (−$240.1M, −9%)
Free cash flow, FY2023
−17% of revenue
▲ +328% (Loss) vs FY2022 (−$105.3M, −4%)

How Were They Changing?

Since the FY2023 annual report
Latest quarter: Q2 FY2024, the three months to Jun 30, 2024
Revenue
▲ +4%
vs $706.9M in Q2 FY2023
Net income
▲ +448% (Loss)
vs −$12.3M in Q2 FY2023
Passenger share of revenue vs 91.2% in Q2 FY2023
  • Sep 18, 2024 Alaska Air Group completed its acquisition of Hawaiian Holdings Hawaiian became Alaska’s wholly owned subsidiary, and trading on Nasdaq was suspended.

Held flat. Revenue was $2.7B in FY2023, about the same as the $2.8B of FY2019.

Amazon cargo contract The earlier business description includes Neighbor Island cargo operations; the latest adds air-transport services for Amazon, paid through fixed monthly, flight-hour and flight-cycle fees.

Revenue over time
Passenger Other
$5B$2.5B$0

Who Did They Compete With?

Competes with Alaska Airlines, American Airlines, Delta Airlines, Southwest Airlines, United Airlines, and Mokulele Airlines

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