Hawaiian Holdings reports Q2 EPS (47c), consensus (61c)

Reports Q2 revenue $706.93M, consensus $698.81M. As of June 30, 2023, the Company had unrestricted cash, cash equivalents and short-term investments of $1.3B; $1.6B in liquidity, including its undrawn $235M revolving credit facility; outstanding debt and finance lease obligations of $1.7B. “I want to thank our team members who have been taking care of our guests in a dynamic operating environment,” said Hawaiian Airlines President and CEO Peter Ingram. “Demand remains strong throughout our network, and we have recently seen a significant increase in bookings by travelers in Japan, an important geography that has trailed in the recovery of the overall market. Against the backdrop of improving operations and robust demand, I am excited about the major initiatives we’re on track to deliver in the second half of the year.”