Hawaiian Holdings has reported a second quarter 2021 net loss of $6.2 million, and an adjusted net loss of $73.8 million, on revenue of $410.8 million, down 42% compared to the second quarter of 2019, on 30% lower capacity.
Hawaiian reported total operating expenses of $392.3 million, and operating expenses excluding non-recurring items of $478.4 million, down 23% compared to the second quarter of 2019.
"We made meaningful strides toward recovery during the second quarter, propelled by continued strong demand on our US mainland routes," said Peter Ingram, Hawaiian Airlines President and CEO. "It is encouraging to see how far we've come and I am optimistic about our continued recovery. My immense appreciation goes out to our team, who continues to embrace our purpose, in spite of the challenges facing them."
In the second quarter of 2021, Hawaiian continued to rebuild and expand its network, primarily in North America. In June 2021, Hawaiian's North America traffic exceeded June 2019 levels. During the second quarter of 2021, airline operated at an average of 70% of its 2019 second quarter system capacity.
As of June 30, 2021, Hawaiian had $2.4 billion in liquidity, including the undrawn portion of its $235 million revolving credit facility. Outstanding debt and finance lease obligations of $2.2 billion, up $22 million from March 31, 2021.