Hawaiian reports a GAAP net loss of $36.8 million in the second quarter

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., reported its financial results for the second quarter of 2022.

“Strong demand in our domestic markets has been joined by an encouraging recovery from our international gateways in the second quarter” said Peter Ingram, Hawaiian Airlines President and CEO. “As we move into the summer travel peak every indication suggests a continuation of these positive trends. I am extremely proud of our team who continue to deliver the industry’s best reliability and service as we pursue our mission to connect people with aloha.”

Financial Results

Second Quarter 2022

The Company reported a GAAP net loss of $(36.8) million, and an adjusted net loss of $(46.1) million.
The Company reported GAAP EPS of $(0.72), and adjusted EPS of $(0.90).
The Company reported EBITDA of $12.9 million, and adjusted EBITDA of $1.1 million.

Second Quarter 2022 Highlights

Revenue Environment

The Company continued to enjoy strong demand throughout its domestic network and is seeing a solid recovery in its international network. The Company’s premium products performed exceptionally well during the quarter, with both business/first class revenue and Extra Comfort revenue exceeding 2019 levels. The Company’s overall operating revenue was down 2.9% from second quarter 2019 as its international network is still rebuilding.

Other revenue was up 26.6% compared to the second quarter of 2019 driven by a record quarter of cargo revenue and sales of HawaiianMiles.

Routes and Network

In April 2022 the Company announced it was resuming three-times-weekly nonstop service between Auckland, New Zealand and Honolulu, Hawai’i starting July 2, 2022 and a seasonal increase in frequency between Seoul, South Korea and Honolulu for the summer of 2022.

In May 2022 the Company announced its plan to resume service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Tokyo Haneda Airport (HND) beginning August 1. The Company also announced an increase in weekly flights between HNL and Narita Airport (NRT) and Osaka’s Kansai Airport (KIX) beginning in August.

During the second quarter of 2022, the Company operated at 87% of its 2019 second quarter system capacity, comprised of 115%, 80% and 31% capacity on its North America, Neighbor Island and International routes, respectively.

Liquidity and Capital Resources

As of June 30, 2022, the Company had:

Unrestricted cash, cash equivalents and short-term investments of $1.5 billion
$1.8 billion in liquidity, including its undrawn $235 million revolving credit facility
Outstanding debt and finance lease obligations of $1.8 billion
Air traffic liability of $784 million

Operational Excellence

The Company maintained its #1 national ranking for On-Time Performance for the 18th consecutive year in 2021, as reported in the U.S. Department of Transportation (DOT) Air Travel Consumer Report.

In July 2022, Travel + Leisure named Hawaiian Airlines Best Domestic Airline.

Environmental, Social and Corporate Governance

In May 2022, the Company issued its 2022 Corporate Kuleana (Responsibility) Report, providing updates on Environmental, Social and Governance performance and priorities, including new commitments to replace single-use plastics in cabin service by 2029 and to locally source 40% of food and beverage for its Hawai’i-based catering operations by 2025.

In May 2022, the Company announced a strategic partnership with REGENT to support the initial design of its next-generation 100-person capacity all-electric seaglider known as the Monarch.

In June 2022, the Company announced a plan to jointly study the commercial viability of locally produced sustainable aviation fuels to replace all or a percentage of traditional fossil fuel-based jet fuel with fuel that is made with sustainable feedstocks.

In July 2022, the Company appointed Wendy Beck and Craig Vosburg to its Board of Directors.

Third Quarter 2022 Outlook

The Company expects its capacity for the quarter ending September 30, 2022 to be down approximately 5% to down 8% compared to the third quarter of 2019, mostly driven by the delay of the full restoration of its Japan network.

The Company expects its total revenue for the quarter ending September 30, 2022 to sequentially improve from the second quarter and be between down 3.5% to up 0.5% compared to the third quarter of 2019.

The Company expects its CASM excluding fuel and non-recurring items for the quarter ending September 30, 2022 to be consistent with the second quarter at up approximately 8% to 12% compared to the third quarter of 2019.

The Company’s outlook for adjusted EBITDA for the quarter ending September 30, 2022 is $15 million to $75 million.

The table below summarizes the Company’s expectations for the quarter ending September 30, 2022 expressed as an expected percentage change compared to the results for the quarter ended September 30, 2019.

Item	Third Quarter 2022 Guidance	GAAP Equivalent	GAAP Third Quarter 2022 Guidance
ASMs	Down 5% to 8%
Total Revenue	Down 3.5% to up 0.5%
Costs per ASM excluding fuel and non- recurring items (a)	Up 8% to 12%	Costs per ASM (a)	up 22% to 25%
Gallons of Jet Fuel Consumed	Down 7% to 10%
Fuel Price per Gallon (b)	$3.50
Adjusted EBITDA (c)	$15 million to $75 million	Net Income (c)


(a)	See Table 3 for a reconciliation of GAAP operating expenses to operating expenses excluding fuel and non-recurring items.
(b)	Fuel Price per Gallon estimates are based on the July 14, 2022 fuel forward curve.
(c)	The Company is not providing a reconciliation of adjusted EBITDA to GAAP net income, the most directly comparable GAAP measure, as it is unable, without unreasonable efforts, to calculate certain special and non-recurring charges, which could have a significant impact on the GAAP measure.

Statistical information, as well as a reconciliation of certain non-GAAP financial measures, can be found in the accompanying tables.

Full Year 2022 Outlook

The table below summarizes the Company’s expectations for the full year ending December 31, 2022 expressed as an expected percentage change compared to the results for the year ended December 31, 2019. Costs per ASM excludes any adjustments for labor agreements that are currently amendable or become amendable in 2022.

Item	Full Year 2022 Guidance	GAAP Equivalent	GAAP Full Year 2022 Guidance
ASMs	Down 11% to 8%
Costs per ASM excluding fuel and non- recurring items (a)	Up 12% to 15%	Costs per ASM (a)	Up 23% to 25.5%
Gallons of Jet Fuel Consumed	Down 14% to 11%
Fuel Price per Gallon (b)	$3.36
Effective Tax Rate	~19.5%
Capital Expenditures	$105 million to $125 million


(a)	See Table under “Non-GAAP Reconciliation” for a reconciliation of GAAP costs per ASM to costs per ASM excluding fuel and non-recurring items.
(b)	Fuel Price per Gallon estimates are based on the July 14, 2022 fuel forward curve.

Hawaiian Airlines aircraft photo gallery:

Avelo Airlines adds 3 new routes and 2 new destinations

Avelo Airlines is adfing three new routes and two new destinations (Lansing, MI and Newport News/Williamsbug, VA) in October.

Route Map:

Avelo Airlines aircraft photo gallery:

United adds 120+ flights for college football fans this fall

United Airlines is giving college football fans more chances to see their favorite team on the road this fall by adding 120 new flights to its schedule. According to a recent survey of the airline’s loyalty customers, more than 80% of avid college football fans are likely to fly to see a game this season. United is adding connections to more than 45 away games – including some of the country’s biggest powerhouses like Alabama, Oklahoma, Iowa, Ohio State, Notre Dame and Michigan.

United First Officer and Former Southern Illinois University Football player, Kendall Lane

Here are the key games on this season’s schedule:

Game	New Flights
Sept. 10: University of Alabama @ University of Texas Austin	Sept. 9-11: two direct, round-trip flights between Birmingham, AL and Austin, TX
Sept 10: Washington State University @ University of Wisconsin-Madison	Sept. 9-11: direct, round-trip flight between Spokane, WA and Madison, WI
Sept 17: University of Oklahoma @ University of Nebraska-Lincoln	Sept. 16-18: direct, round-trip flight between Oklahoma City, OK and Lincoln, NE
Sept 24: Stanford @ University of Washington	Sept. 23-25: direct, round-trip flight between San Jose, CA and Seattle, WA
Sept 24: University of Wisconsin-Madison @ Ohio State	Sept. 22-25: direct, round-trip flight between Madison, WI and Columbus, OH
Oct. 8: University of Tennessee @ Louisiana State University	Oct. 7-9: direct, round-trip flight between Knoxville, TN and Baton Rouge, LA
Oct. 15: Penn State University @ University of Michigan	Oct: 14-16: direct, round-trip flight between State College, PA and Detroit, MI
Oct. 22: University of Iowa @ Ohio State	Oct. 21-23: direct, round-trip flight between Cedar Rapids, IA and Columbus, OH
Nov. 5: University of Alabama @ Louisiana State University	Nov. 4-6: direct, round-trip flight between Birmingham, AL and Baton Rouge, LA
Nov. 5: Clemson University @ University of Notre Dame	Nov. 4-6: direct, round-trip flight between Greenville, SC and South Bend, IN
Nov. 26: University of Notre Dame @ University of Southern California	Nov. 25-27: direct, round-trip flight between South Bend, IN and Los Angeles, CA

United Airlines aircraft photo gallery:

Photo: DHL – Singapore Airlines Boeing 777F 9V-DHA (msn 67140) PAE (Nick Dean). Image: 958332.

Singapore Airlines to operate five new Boeing 777F for DHL.

United to start seasonal Washington Dulles – Berlin flights

United Airlines will launch seasonal daily service next summer on the Washington (Dulles) – Berlin route.

The seasonal route will commence on May 25, 2023 and operate with 240-seat Boeing 767-400s.

United aircraft photo gallery (Boeing, current livery):

Lufthansa is facing another strike tomorrow

Lufthansa has made this announcement:

The trade union ver.di called on the about 20,000 ground employees of Deutsche Lufthansa AG to stage a warning strike from Wednesday, July 27, 2022 at 3.45 a.m. until Thursday morning, July 28, 2022 at 6.00 a.m.

Michael Niggemann, Member of the Executive Board Chief Officer Human Resources Deutsche Lufthansa AG, said:

“After only two days of negotiations, ver.di has announced a strike that can hardly be called a warning strike due to its breadth across all locations and its duration. This is all the more incomprehensible given that the employer side has offered high and socially balanced pay increases – despite the continuing tense economic situation for Lufthansa following the Covid crisis, high debt burdens and uncertain prospects for the global economy.

After the enormous efforts to stabilize our flight operations, this represents a renewed, substantial and unnecessary burden for our passengers and also for our employees beyond the strike day.”

Among other things, the Group has presented a package with the following components. Beginning July 1, 2022, with a term of 18 months, each employee would receive:

an increase in basic pay of 150 euros per month as of July 1, 2022,
a further basic pay increase of 100 euros per month as of January 1, 2023,
an additional two-percent increase in compensation as of July 1, 2023, depending on how our business develops.

It is particularly important for Lufthansa to put a stronger focus on the lower remuneration groups. For example, for employees with a basic monthly salary of 3,000 euros before taxes, the present offer means an increase in basic salary between nine and just under eleven percent within the next 12 months.

The next round of negotiations has long been agreed upon and will take place on August 3-4, 2022.

Greater Bay Airlines quietly commences operations

Greater Bay Airlines-GBA (Hong Kong) on July 23 quietly launched its first revenue flight between Hong Kong and Bangkok, Thailand.

The airline currently operates a pair of Boeing 737-800s.

DHL teams up with Coldplay to make their tour as sustainable as possible

DHL made this announcement:

DHL becomes the official logistics partner of Coldplay’s Music Of The Spheres World Tour
With its extensive expertise in sustainable logistics and transports solutions, DHL will support the band in minimizing their tour’s carbon footprint

Every global music tour requires intensive preparation and complex logistics. However, Coldplay has added to this complexity by setting an ambitious goal to make their Music Of The Spheres Tour as sustainable as possible and reduce CO₂ emissions by more than 50%. DHL, a pioneer in the field of sustainable transport and logistics, will support the band on this journey with its extensive expertise.

“As leaders in our industries, it is our responsibility to lead the change but also inspire and facilitate sustainable solutions for other businesses and brands. We feel honored and proud that Coldplay has selected DHL to embark on this journey for change,” Monika Schaller, Executive Vice President of Corporate Communications, Sustainability & Brand, Deutsche Post DHL Group.

DHL’s expertise and sustainability solutions

Coldplay selected DHL as its logistics partner due to the company’s extensive expertise in sustainable logistics solutions. As the world’s leading logistics provider, DHL will support Coldplay’s efforts, especially in the field of sustainable transportation, by offering multi-faceted approach to lowering CO₂ emissions.

With its GoGreen Plus Service DHL’s customers are offered a suite of solutions for minimizing logistics-related emissions and other environmental impacts along the entire supply chain. Ocean and air freight emissions are reduced by the use of advanced biofuels. For land transportation, DHL is able to call upon an extensive fleet of electric vehicles and trucks fueled with Bio-LNG (liquified natural gas made from organic waste). The remaining part of the supply chain is made climate neutral by full lifecycle emission compensation – drawing down and offsetting any residual carbon emissions. DHL can ensure the lower CO₂ emissions of their services are transparently passed onto its customers.

A new model for sustainable touring

Aside from innovations in sustainable logistics, led by DHL, Coldplay has introduced a variety of other initiatives to make their tour as low-carbon and environmentally beneficial as possible. Every show is powered by a mix of renewable energy (such as wind and solar energy) and certified renewable biodiesel. The band even harness fan energy through state-of-the-art kinetic floors and power bikes.

The band has also pledged to plant a tree for every ticket sold and to draw down significantly more CO₂than the tour produces through investment in a diverse range of carbon offsetting initiatives.

DHL and Coldplay’s shared hope is that the Music Of The Spheres Tour will provide lessons and best practices for other artists to build on and push the live music industry towards an ultra-low-carbon and sustainable future

In line with the company’s sustainability strategy to achieve net-zero emissions by 2050 (“Mission 2050”), DHL is committed to sustainable logistics solutions that will decarbonise the entire logistics sector. As part of Deutsche Post DHL Group’s mid-term sustainability roadmap for 2030, the group strives to achieve the sub-target of having at least 30 percent of fuel requirements covered by sustainable fuels. To reduce CO₂ emissions in line with the Paris Climate Agreement, the Group will spend €7 billion on sustainable fuel and clean technologies by 2030.

Coldplay’s pledge to make their tour as sustainable as possible

Coldplay’s co-manager Phil Harvey said: “When we announced this tour, we pledged to reduce primary carbon emissions by more than 50% compared to the last tour. This can only happen with tour partners who share this vision and are willing to invest the necessary resources to make it happen. We’re grateful to DHL for their help in minimizing our tour’s freight emissions through their expertise and investment in sustainable logistics.”

Air Serbia increases the number of flights to the United States, wants more cabin crew members

Air Serbia made this announcement:

Due to increased demand for flights between Belgrade and New York, starting from the upcoming winter season, Air Serbia will increase the number of flights on this route from the usual two flights a week to three flights a week. The Serbian national airline will be operating flights between these two cities every Tuesday, Thursday and Sunday. In addition to that, Air Serbia continues to expand its operations in the United States market, and starting in April 2023, it will commence direct flights between Belgrade and Chicago (O’Hare Airport – ORD). Chicago will be the second U.S. destination in Air Serbia’s network, and the Serbian national airline plans to operate flights on this route two times a week.

With the introduction of Belgrade – Chicago flights, for the first time after 32 years, the capital of Serbia will be directly connected to the American city where approximately 350 thousand residents of Serbian origin reside, as well as a large number of residents hailing from other countries of former Yugoslavia, as well as neighbouring Balkan countries, which are well-connected with Belgrade via the regional Air Serbia network.

Chicago, with 2.75 million inhabitants in the city and 9.62 million in the wider metropolitan area, is the most populated city in the state of Illinois and the third most populated city in the USA, after New York and Los Angeles. It is located on the coast of Lake Michigan and represents an important international centre of finance, culture, trade, industry, education, communication and transport, which was visited by 60 million tourists in 2019.

Chicago O’Hare International Airport (ORD) is one of the six highest-traffic airports in the world, and in 2019, more than 90 million passengers have used its services.

Thanks to the recommencement of trans-Atlantic flights six years ago, Air Serbia again enabled connections between the region and the United States of America, after a pause of almost two and a half decades. Since the re-establishment of the air connection to the U.S. to May of this year, the national airline has carried a total of 383,324 passengers on the Belgrade – New York route.

The flights between Belgrade and New York are operated by the biggest aircraft in Air Serbia’s fleet, an Airbus A330, named after famous Serbian scientist and inventor Nikola Tesla.

In other news,

Due to the planned expansion of the network of destinations and higher traffic in the upcoming period, Air Serbia has announced a call for new cabin crew members. Interested candidates, who are at least 18, have a high school diploma and are fluent in English, can apply by filling out an applicationon the official website of the company no later than August 10, 2022. Candidates who wish to join the Serbian national airline also need to be citizens of the Republic of Serbia and to have a valid passport, to be communicative and to have a positive approach to completing everyday tasks.

During the selection process, the candidates will undergo specially designed tests and exercises in order to meet the highest work standards cultivated at the company. The necessary criteria which will be used to rank candidates include a high level of fluency in English, readiness to help passengers, and demonstrated motivation and desire to become a member of the national airline’s team.

Short-listed candidates will have the opportunity to learn about work dynamic, career opportunities and internal training offered by our company to employees from Air Serbia hiring experts.

After a pause of two years, the hiring of new cabin crew members will be organized for the second time this year. After the previous drive and assessment held in April, 28 selected candidates have continued their career in Air Serbia.

Top Copyright Photo: Air Serbia Airbus A330-202 YU-ARA (msn 885) JFK (Jay Selman). Image: 403140.

Air Serbia aircraft slide show:

Air Serbia aircraft photo gallery:

Boeing forecasts demand for 2.1 million new commercial aviation personnel and enhanced training

Boeing’s 2022 Pilot and Technician Outlook (PTO) forecasts demand for 2.1 million new aviation personnel over the next 20 years to safely support the recovery in commercial air travel and meet rising long-term growth.

The long-term forecast shows that 602,000 pilots, 610,000 maintenance technicians and 899,000 cabin crew members will be needed to support the global commercial fleet over the next two decades. The worldwide fleet is expected to nearly double and grow to 47,080 airplanes by 2041, according to Boeing’s recently released Commercial Market Outlook.

This year’s PTO represents a 3.4 percent increase from 2021, excluding the Russia region, which is not forecast in this year’s PTO due to sanctions that prohibit exports of aircraft manufactured in western countries and market uncertainty. China, Europe and North America represent over half of the total new personnel demand. The fastest growing regions are Africa, Southeast Asia and South Asia, with all three regions expected to grow more than 4 percent over the forecast period.

“As the commercial aviation industry recovers from the pandemic and plans for long-term growth, we anticipate a steady and increasing demand for aviation personnel, as well as the ongoing need for highly effective training,” said Chris Broom, vice president, Commercial Training Solutions, Boeing Global Services. “Our customer-centric approach and digital expertise includes a commitment to delivering data driven, competency-based training and assessment solutions as well as technologies that meet the evolving needs of our customers.”

New digital solutions to enhance the efficacy and efficiency of training would include immersive learning experiences and virtual learning platforms.

Projected demand for new pilots, technicians and cabin crew by global region for the next 20 years is approximately:

Region	New Pilots	New Technicians	New Cabin Crew
Africa	20,000	21,000	26,000
China	126,000	124,000	162,000
Europe	122,000	120,000	207,000
Latin America	35,000	35,000	48,000
Middle East	53,000	50,000	99,000
North America	128,000	134,000	173,000
Northeast Asia	22,000	24,000	38,000
Oceania	9,000	10,000	18,000
South Asia	37,000	34,000	43,000
Southeast Asia	50,000	58,000	85,000