Summary by Moomoo AI
Hawaiian Holdings, the parent company of Hawaiian Airlines, reported a challenging financial year in 2023 with operating revenue reaching $2.7 billion, a modest increase of 2.8% from 2022. Despite an 8.4% increase in capacity and a 12.9% rise in Revenue Passenger Miles, the company faced an operating loss of $293.7 million, deepening from a $210.1 million loss in 2022. The GAAP net loss was $260.5 million, or $5.05 per diluted share, compared to a net loss of $240.1 million, or $4.67 per diluted share in the previous year. The company did not pay dividends in 2023, continuing the trend from the previous two years. Hawaiian Holdings also announced a proposed merger with Alaska Air Group, which is expected to close within 12 to 18 months from December 2, 2023. Additionally, the company entered into an Air Transportation Services...Show More