Q2 2024 Hawaiian Holdings Inc Earnings Call Transcript
Key Points
- Hawaiian Holdings Inc (HA) raised around $400 million by financing 10 A321neo aircraft, bolstering liquidity.
- The company exchanged $1.2 billion loyalty bonds due 2026 for $985 million of new bonds due in 2029, extending the liquidity runway.
- The A321 fleet has been at full strength since Memorial Day weekend, improving operational reliability.
- Guest response to the new flagship product, including the Leihoku suite, has been tremendous.
- Starlink in-flight connectivity has been installed on all 18 Airbus A321neos, with FAA certification for the A330, enhancing customer experience.
- International point of sale, particularly in Japan, remains below traditional levels due to a weak yen against the US dollar.
- The Maui market has not yet fully recovered following last year's wildfires, impacting demand.
- Adjusted EBITDA loss of $21 million for the second quarter, reflecting ongoing financial challenges.
- System revenue per available seat mile (RASM) for the second quarter was about 1% lower compared to the same period last year.
- The company expects overall system RASM to be down about 3% year over year in the third quarter, indicating continued revenue pressure.
Greetings and welcome to the Hawaiian Holdings Inc., second-quarter 2024 financial results call. (Operator instructions). As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host Jay Schaefer, Vice President and Treasurer. Thank you, sir. You may begin.
Thank you, Maria. Hello, everyone, and welcome to Hawaiian Holdings second-quarter 2024 results conference call. Here with me Hawaiian Peter Ingram, President and Chief Executive Officer; Brent Overbeek, Chief Revenue Officer, and Shannon Okinaka, Chief Financial Officer.
Peter will provide an overview of our performance. Brent will discuss revenue and Shannon will discuss costs and the balance sheet. At the end of the prepared remarks, we will open the call up for questions. By now everyone should have access to the press release that went out at about 4:00 Eastern time today.
If you have not received the release, it is available on the Investor Relations page of our website,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
