Hawaiian Airlines reports 1Q

Hawaiian Airlines posted a significant first-quarter loss yesterday of $60.7 million, or $1.25 a share. At this time last year, Hawaiian had a wider loss of $144.4 million, or $3.14 a share. The carrier’s adjusted first-quarter loss this year was $190.6 million, or $3.85 a share. When adjusted for nonrecurring costs, first-quarter diluted earnings were $1.23 a share. The company reported first-quarter revenue of $182 million. That’s down more than 67% from $559.1 million in revenue in the first quarter of 2020. Revenue was down 72% compared to the first quarter of 2019, on 49% lower capacity. Peter Ingram, Hawaiian