Hawaiian posts $137 million net loss in 2024 first quarter as maintenance expenses surge

Hawaiian Holdings, the parent company of Hawaiian Airlines, posted a GAAP net loss of $137.6 million for the first quarter of 2024, marking a greater loss than its 2023 first quarter net loss of $98.3 million. It also falls short of its estimated net loss of $139.2 million. Its total operating revenue was up 5.4% to $645.6 million with passenger revenue up 6.4% to $583.4 million. Its total operating expenses were up 8.8% to $794.2 million. Most notably, its maintenance, materials and repairs expenses were up 41.1% to $70.97 million. Its wages and benefits expenses were also up 8.3% as