Hawaiian Airlines parent tempers outlook on Maui wildfire, engine issues By Reuters

0



© Reuters. Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. Picture taken April 28, 2020. REUTERS/Marc

(Reuters) – Hawaiian Holdings (NASDAQ:) Inc, the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed after the West Maui wildfire affected travel demand.

The company also reduced its forecast for quarterly available seat miles (ASM) due to issues with some of RTX’s Pratt & Whitney engines that power Airbus’ popular A320neo jets.

Hawaiian Airlines is among the major customers that took delivery of the affected A320neo jets, according to aviation data provider Cirium.

It now expects ASM for the third quarter to rise around 4% to 5.5%, from prior estimates for an increase of between 4.5% and 7.5%.

The State of Hawaii has currently discouraged non-essential travel to West Maui through October, the company said.

Hawaiian expects its operating revenue per seat mile for the current quarter to be down 4% to 7%, from earlier guidance for a reduction of 2% to 5%.



Source link

Leave A Reply

Your email address will not be published.