Pre-game the Alaska way with all things PRE

Whether you’re catching a flight or the tail end of Russell Wilson’s PRE-season, we’ve got you covered on all things PRE at Alaska.   

PRE-check yourself through TSA  

We want to make sure you arrive at your gate with plenty of time to catch your flight, despite the extra busy airports. Consider joining trusted traveler programs like TSA Pre-Check®, Global Entry, Nexus, or SENTRI. Membership in these programs gives you access to the faster security screening lanes at participating airports, where you can keep on your shoes, belts, or light jackets and your laptop can stay in your carry-on. 

PRE-order your Signature Fruit & Cheese Platter  

Enjoy ingredients inspired by the West Coast, from snacks to freshly prepared meals for breakfast, lunch and dinner.  Pre-order your favorites ahead of your trip (from 2 weeks to 20 hours prior to your flight) on our website or mobile app. 

A limited number of fruit & cheese platters are available by pre-order only on trips 1,100+ miles.  

Pre-mium Class gives you more space.  

Treat yourself to 4 inches more legroom with our Premium Class Cabin seats. And, enjoy complimentary beer, wine and cocktails for those 21+!  Premium also means you can board early, access overhead bin space before space fills up and be among the first to deplane when you arrive to your destination. 

Preprint bag tags and check your bags. 

You’ll likely make it through the security line even quicker by reducing your carry-on items. We recommend checking your bags instead. Brush up on our checked baggage policy and then print your own bag tags at home to save even more time at the airport. 

Pre-pack the essentials  

Masks are still required, per federal law. So, please remember to pack your mask! In case you forget yours or lose it, don’t worry we’ve got you covered—simply ask us for a mask.  

Travelers wearing a mask have a .003% or NEAR-ZERO CHANCE of being exposed to the virus, even on a full aircraft (according to a Department of Defense study).

Pre-view the most movies in the sky* – for free. 

Snuggle into your seat and grab some popcorn – we’re bringing the movie theater to you. Choose from over 500 free movies and browse 550+ episodes of more than 80 TV series in our entertainment library. 

Most aircraft feature our streaming entertainment system Alaska Beyond Entertainment, letting you watch free movies and TV shows on your own device. 

Pre-boarding for anyone who needs a little more time 

Alaska Airlines offers pre-boarding for anyone with disabilities who may need help or more time to board, families with children under the age of two. And, active members of the military. 

Photo from 2015 Honor Flight.

Pre-tty hot deals 

Take advantage of our hottest fares to some of your favorite Alaska Airlines destinations. See our flight deals happening now. 

PREpare for takeoff 

Whether it’s a business trip or the ultimate vacation, when you fly with us, you’ll get Next-Level Care and the best experience in the air. Here are 4 ways to travel with us

Want to see Russ in action on his home turf? Book your next flight to Seattle on alaskaair.com. 

Mahalo on Wheels: Delivering Thanks to Our Employee ʻOhana

Inspired by the legendary local Manapua men, who sell the signature steamed buns, fried noodles and other local treats from their van, Hawaiian Airlines very own 'Mahalo Van' has been surprising employees across our company carrying similar snacks and goodies delivering messages of appreciation.

Our Purpose and Values committee launched The Summer Appreciation Pop-Ups in early July to mahalo each work group – from cargo to guest service agents, mechanics, crewmembers and corporate teams, among others – who have worked tirelessly throughout the pandemic.  Our maintenance team, with the help of longtime partner Pow!Wow! Hawaii, spent over 180 hours transforming an unused company shuttle into a colorful display of gratitude, now known as the ‘Mahalo Van.’   

 

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Our maintenance team converted an unused company vehicle into the Mahalo Van.
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Mahalo Van volunteers serve sweat treats and shakas.

"Our employees not only worked during the pandemic, so many of them worked harder than ever before given the constant changes and increased challenges," said Alisa Onishi, senior director of brand, culture and community relations. "It's a simple gesture but we really wanted to recognize our team's hard work. A 'thank you' and 'enjoy this' goes a long way. Especially when it's among fellow colleagues."
 

MV8

The Mahalo Van makes a stop at the crew center at HNL.

The Mahalo Van is staffed by employee volunteers, including senior leaders, and stocked with favorite local treats like lemon peel gummies, furikake popcorn and shave ice cups. The cultural resource center located in our corporate headquarters became the designated poster-making area where employees got creative with their mahalo messages.

Mana Kanahele, a ramp lead on our airport operations team, is also a passionate artist.

"I've been doing art for as long as I can remember, and I was inspired to make a sign for my fellow ramp employees, and for everyone, because I, too, am appreciative of them," Kanahele said. "[At Hawaiian] We want everyone to feel like ohana, feel welcome, and you can't get that anywhere else."
 

What's the next stop for the Mahalo Van?

"For our employees not based in Honolulu, we're sending gift boxes to all of our stations with similar sweet treats,” Onishi said “We definitely want to do more fun events with the van. It was a labor of love and represents the pride our employees have for each other.”

Check out Hawaii News Now's coverage of the Mahalo Van and interviews with Onishi and Kanahele below.

Alisa

 

University of Hawai’i Athletics, Hawaiian Airlines Extend Integrated Sponsorship

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HONOLULU – The University of Hawai'i at Mānoa and Hawaiian Airlines today entered into a three-year, $1.7 million exclusive sponsorship agreement that extends the decades-long relationship between Hawaii’s home team and Hawaii’s hometown carrier. As the “Official Airline of UH Athletics,” Hawaiian will welcome onboard student-athletes, coaches and staff representing the university’s 21 varsity athletic programs in competitions on the U.S. Mainland.

“We’re proud Hawaiian Airlines remains a member of our valued corporate partner family, a legacy relationship now spanning over 30 years,” said UH Athletics Director David Matlin.  “While we appreciate their longstanding commitment to our overall athletics programming, more importantly, we’re grateful for their extreme care around ensuring safe and efficient travel for our student-athletes, coaches and staff.”

“We’re thrilled to continue building upon our partnership with UH Athletics despite the challenges brought on by the pandemic, and we take immense pride in safely and comfortably transporting their teams to competitions so student-athletes can arrive rested and ready to compete,” said Peter Ingram, president and CEO at Hawaiian Airlines. “I can confidently say that all of us at Hawaiian Airlines will be cheering on our home teams and we look forward to a winning season.”

Under the agreement, Hawaiian will enjoy corporate partner branding benefits in signage, digital integration on official athletic platforms and use of marks, among other channels and assets. The airline will bolster its Flying with the Bows social media features in the new term, including student-athlete insights and in-flight surprises for its guests. 

Hawaiian, a Diamond Level partner of UH Athletics and a sponsor for three decades, will title sponsor the 2021 Rainbow Wahine Volleyball Classic on Aug. 27-29.   Fans can tune in on TV via Spectrum OC16 and Radio via ESPN Honolulu.

The UH Athletics and Hawaiian Airlines relationship was secured by Hawaii Sports Properties, the university’s athletics multimedia rightsholder and Honolulu-based LEARFIELD team.


About Hawaiian Airlines

Hawaiian® has led all U.S. carriers in on-time performance for each of the past 17 years (2004-2020) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawai‘i.

Now in its 92nd year of continuous service, Hawaiian is Hawai‘i's biggest and longest-serving airline. Hawaiian offers approximately 130 flights within the Hawaiian Islands, daily nonstop flights between Hawai‘i and 16 U.S. gateway cities – more than any other airline – as well as once-weekly service connecting Honolulu and Tahiti. As a result of the COVID-19 pandemic, Hawaiian is operating an adjusted flight schedule between Hawai‘i and Japan and Korea, and has temporarily suspended service in Australia, New Zealand and American Samoa.

The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow Hawaiian’s Twitter updates (@HawaiianAir), become a fan on Facebook (Hawaiian Airlines), and follow us on Instagram (hawaiianairlines). For career postings and updates, follow Hawaiian’s LinkedIn page.

For media inquiries, please visit Hawaiian Airlines’ online newsroom.

Boeing and Alaska test technology to make flying safer and greener

 

One of the paths in our roadmap to net zero by 2040 is fleet renewal and continuing to test and adopt technology to further improve our fleet’s efficiency. This partnership with Boeing is one way our company invests in research and development and the future of aviation. If these technologies prove particularly valuable, we’ll advocate for those being on future aircraft.

This month, 250 students stopped by our Anchorage hangar to explore the latest technology Boeing and Alaska are testing to make aviation safer and more eco-friendly.

Planemakers like Boeing must test absolutely every thing on a plane before guests ever step on board. The students, part of Alaska’s Native Science and Engineering Program (ANSEP), learned all about our industry and Boeing’s latest developments that will help us reach net zero carbon emissions by 2040.

In its eighth iteration, Boeing and its partners, including the National Oceanic and Atmospheric Administration (NOAA), using one of our 737-9 aircraft before it is delivered to us in early 2022. Test flights began in late June, flying around the Pacific Northwest, Alaska, California and Montana to test out various technologies.

 

What’s the newest tech?

Low-profile anti-collision light an aircraft body needs to be as streamlined as possible – anything sticking out creates drag and reduces efficiency. Anti-collision lights currently are located on the top and bottom of the fuselage and stick out so they can be easily seen.

A low-profile light is being tested with a new lens so the light doesn’t stick out as far but can still be easily seen. This design also moves the electronics from outside to inside the aircraft, improving the light’s reliability.

Recycled Carbon Fiber Sidewalls – Boeing is testing replacing conventional cabin wall insulation with composite waste material from the construction of a Boeing 777X wing to make sidewalls stronger and lighter. The panels will be tested to ensure they’re as quiet as the ones in service today.

NOAA Greenhouse Gas Measurement – NOAA uses data from commercial airplanes – such as wind and temperature – to improve climate modeling and long-term forecasting.

For better long-term climate modeling, they need to measure the concentrations of existing greenhouse gases (carbon dioxide, carbon monoxide, methane, water vapor). Our airplane is helping NOAA determine the best placement on the airplane for air sampling probes, and the agency hopes to add the technology across fleets of commercial plans to crowdsource data in real-time worldwide.

Non-halon fire suppressant – Halon 1301 is an ozone layer-depleting agent that has not been in production in the U.S. since 1994 (and the only places it’s still used is for aviation fire suppression, the oil industry and in military applications). A new fire extinguishing agent, CF3i, is being tested that would be significantly less damaging to the ozone layer.

Additional technologies include wireless sensors and drone inspections to improve maintenance efficiency, new technologies on the flight deck to enhance safety and fly more efficiently and advanced engine nacelle treatments to reduce community noise.

Fun facts:

  • The split wingtips you see on our new 737-9 and other new Boeing aircraft came from a prior ecoDemonstrator aircraft test and increase fuel efficiency by 2%.
  • More than one-third of the technologies tested have advanced into Boeing’s products and services.
  • The ecoDemonstrator plane flies mainly using a 30-50% blend of sustainable aviation fuel and Jet A fuel.
  • There’s a fun surprise on the right side of the aircraft’s design. Can you spot what it is?

Learn more about the ecoDemonstrator.

Flying on an airplane is safer than ‘grocery shopping or eating out,’ says experts

Updated April 18, 2022

While doing anything besides staying in your bubble assumes a level of risk, we believe it’s safe to fly—and experts agree. 

According to research, airplanes are the safest indoor environments globally, and flying remains relatively low risk. We love to hear it and hope you enjoy flying with us. 

Air travel is the safest form of transportation thanks to… 

Hospital-grade air filtration 

HEPA filters remove 99.9% of airborne particles, including viruses like COVID-19 and other variants. 

Clean air exchange 

Outside and filtered air in the cabin is exchanged every 2–3 minutes, giving better ventilation than grocery stores and office buildings. 

Top-down air flow 

Air flows from the ceiling to the bottom of your seat, instead of front to back, minimizing particle movement throughout the cabin and reducing contact other guests. 

Wearing Masks

A face mask or covering has been proven to reduce the spread of COVID-19 according studies and the CDC. While masks are no longer required to be on our flights as of April 18, 2022, we respect your decision to keep using this added layer of protection. Above all, we hope you’ll treat each other with kindness and respect throughout the travel journey and beyond. 

Getting vaccinated — but not required to travel. 

Getting fully vaccinated has proven to be the best way to protect yourself & others from the coronavirus and the many variants which continue to lurk around right now. So, while it is not a requirement to fly, we encourage you to do so.  

With over 100 ways to keep you safe, our Next-Level Care meets hospital-grade health safety measures and recommendations from experts, including researchers at Harvard University’s T.H. Chan School of Public Health, who found a “layered approach” lowers the spread of viruses on planes. 

“This layered approach, with ventilation gate-to-gate, reduces the risk of SARS-CoV-2 transmission onboard aircraft below that of other routine activities during the pandemic, such as grocery shopping or eating out,” the report says.  

Related:  

Book your next flight with us at alaskaair.com.

Sisterly Love: Coming Together to Care for Japan’s Coastlines

The beautiful stretch of pristine white sand, palm trees and waterfront resorts make Japan's Shirarahama Beach reflective of Honolulu's Waikiki Beach. It comes as no surprise that the two beaches, popular destinations for residents and visitors alike, have shared a special "sister" relationship since 2000 – one of 24 sister state and city relationships between the two archipelagos.

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Shirarahama Beach in Wakayama Prefecture in the Kansai region shares a "sister-beach" relationship with Honolulu's Waikiki Beach.

Beyond their visual beauty, Hawai‘i and Japan share a similar philosophy when caring for each other and the environment. In Hawai‘i, we "mālama" (take care of) one another, our land and our natural resources. It's more than an action; it's a mindset. In Japan, the concept of Omoiyari, or the art of compassion, is a shared understanding of consideration in Japanese society.  

It is with these principles in mind that the Shirarahama Waikiki Beach Friendship Committee invited our Hawaiian Airlines Japan-based, Team kōkua employee volunteers to join a beach cleanup project at Shirarahama Beach in Wakayama Prefecture in the Kansai region. More than 150 participants, including city officials, tourism agencies and local hotels like Nanki Shirahama Marriott, community members, as well as employees from our Japan sales team and their families, donned purple Team Kokua T-shirts and spent the afternoon picking up trash along the half-mile coast.  

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Team Kokua members joined the Shirarahama Waikiki Beach Friendship Committee in a beach cleanup project.

Hawaiian’s Japan Country Director Takaya Shishido reflected on the importance of Japan and Hawai‘i businesses working together on initiatives that promote sustainability: "We are honored to join the Shirarahama Waikiki Beach Friendship Committee in a beach cleanup that shares a special connection with Hawai‘i,” he said. “Through these activities, we can share with residents and travelers what it means to travel pono (responsibly) and why preserving our coastal communities is an important step in building a sustainable future."

 

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Mālama and Omoiyari are similar philosophies shared in Hawai‘i and Japan when it comes to caring for each other and the environment.

Before the sun began to set, participants arranged 2,021 candles across the sand with a message for the sister beach, located over 6,000 miles across the Pacific. "ALOHA WAIKIKI" shone brightly from the beach while a fireworks display illuminated the night sky.
 

Aloha Waikiki 2

Following the cleanup, the group arranged 2,021 candles with a message recognizing the sister-beach relationship.

"Japan and Hawai‘i share such a special relationship,” Keiko Tsukui, Hawaiian’s manager of Japan partnerships and promotions, said following the ceremony. “I’m grateful that all of us, many of whom work in travel and tourism, can come together with a common goal of caring for these cherished areas so that they can be enjoyed by generations to come.” 

Alaska Airlines releases the Kraken (on a plane) just in time for NHL season

Hockey is back in Seattle! And what better way to celly than a custom plane?

Today, we’re releasing the Kraken with one our special aircraft, which will fly on routes to the team’s away games in cities we serve.

As the official airline of the Kraken, we can’t wait for the first puck drop at Climate Pledge Arena, where our community and guests will get to enjoy the Alaska Airlines Atrium, which will serve as the main entrance for all events at the Climate Pledge Arena.

The plane is just the beginning of a long-term major partnership between us and our new hometown NHL team. See some of the perks we’re offering guests and more below!

The plane (tail number N915AK) was unveiled this morning to fans and guests awaiting a flight to Las Vegas, where the team will play its first regular season away game.

“As the official airline and founding partner of the Seattle Kraken, we’re so excited for this aircraft to take to the skies and help us cheer on the team during their inaugural season,” said Whitney Ellison, Alaska director of brand marketing. “We’re Seattle’s hometown airline, so we’re thrilled to be part of this historic moment and support Seattle’s first NHL team. Go Kraken!”

Have an ice trip, get early boarding!

It’s time to rally & look fly doing it, Kraken fans. All season long, if you’re flying out of Seattle or Everett and wear a Seattle Kraken jersey, you get priority boarding!

Now, through the end of the hockey season, Kraken fans who wear the teams’ jersey can board early on all Alaska flights departing from the Seattle-Tacoma International Airport (SEA) and Paine Field (PAE).

Alaska Airlines Atrium @ the Climate Pledge Arena

Located on the south side of the arena, the Atrium spans 36,000 square-feet and feature stories and images reflecting the Pacific Northwest and the travel opportunities within our region and across the globe.

“With our headquarters in Seattle, we love giving back to our hometown and connecting Seattle to the world,” says Sangita Woerner, VP of Marketing. “This partnership is no exception as we’ll work closely with the Kraken to create a variety of initiatives that benefit our community, beyond events at the Climate Pledge Arena.” 

Fans will see Alaska branding on the ice and on several boards around the hockey rink during games.

We can’t wait to cheer on the home team and share some special surprises we have up our wings this season. Follow @alaskaair for your chance to score big in the future!  

Related: Alaska was onsite at Gas Works Park with a photo booth and cozy giveaways when the Kraken revealed their inaugural roster for the 2021-22 NHL season earlier this summer.

Related: Alaska and Kraken team up to donate hockey sticks to local youth

Related: We’re the official airline of the Kraken!

Read More

Hawaiian Holdings Reports 2021 Second Quarter Financial Results

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HONOLULU , July 27, 2021 /PRNewswire/ — Hawaiian Holdings, Inc. (NASDAQ: HA) (the "Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), today reported its financial results for the second quarter of 2021.

Second Quarter 2021 – Key Financial Metrics

   

GAAP

 

YoY Change

 

Adjusted

 

YoY Change

Net Loss

 

$(6.2)M

 

$100.7M

 

$(73.8)M

 

$100.9M

Diluted EPS

 

$(0.12)

 

$2.21

 

$(1.44)

 

$2.37

Pre-tax Margin

 

(2.0)%

 

+252.2 pts.

 

(22.9)%

 

+361.0 pts.

"We made meaningful strides toward recovery during the second quarter, propelled by continued strong demand on our U.S. mainland routes," said Peter Ingram , Hawaiian Airlines president and CEO. "It is encouraging to see how far we've come and I am optimistic about our continued recovery. My immense appreciation goes out to our team, who continues to embrace our purpose, in spite of the challenges facing them."

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

Second Quarter 2021

Financial Results

For the second quarter of 2021, the Company reported a net loss of $6.2 million , and an adjusted net loss of $73.8 million .

The Company reported total revenue of $410.8 million , down 42% compared to the second quarter of 2019, on 30% lower capacity.

The Company reported total operating expenses of $392.3 million , and operating expenses excluding non-recurring items of $478.4 million , down 23% compared to the second quarter of 2019.

Routes and Network

The State of Hawai'i made several positive changes to its Safe Travels program in the second quarter of 2021, including:

  • Beginning May 11, 2021 , travelers who were fully vaccinated in Hawaiʻi and had proof of vaccination were permitted to bypass COVID-19 testing and quarantine restrictions when traveling within the Hawaiian islands.
  • Beginning June 15, 2021 , all travel restrictions were removed for travel within the Hawaiian islands, and travelers who were fully vaccinated in Hawaiʻi were permitted to bypass COVID-19 testing and quarantine restrictions with proof of vaccination when traveling into the state.
  • Beginning July 8, 2021 , all domestic travelers who were fully vaccinated in the U.S. were permitted to bypass COVID-19 testing and quarantine restrictions with proof of vaccination when traveling into the state.
  • The State of Hawaiʻi announced that the Safe Travels program will end when 70% of the state's residents are fully vaccinated.

In the second quarter of 2021, the Company continued to rebuild and expand its network, primarily in North America . In June 2021 , Hawaiian's North America traffic exceeded June 2019 levels. During the second quarter of 2021, the Company operated at an average of 70% of its 2019 second quarter system capacity, comprised of 97%, 57% and 11% capacity on its North America , Neighbor Island and International routes, respectively.

In April 2021 , the Company launched twice weekly service between Honolulu's Daniel K. Inouye International Airport (HNL) and Austin-Bergstrom International Airport (AUS), and expanded this service to three-times-weekly for the summer of 2021.

In May 2021 , the Company launched four-times-weekly seasonal service through August 15, 2021 between Kahului , Maui (OGG) and Phoenix Sky Harbor International Airport (PHX).

In June 2021 , the Company announced the resumption of its Tahiti service following the launch of a pre-travel testing program between Hawaiʻi and French Polynesia that allows for quarantine-free travel between the two archipelagos.  As part of the program, travelers inbound to Hawai'i will need to provide proof of a negative test result from a State-approved testing partner, while travelers outbound to Tahiti will need to provide proof of vaccination and have fulfilled the government of Tahiti's COVID-19 entry requirements prior to travel.  Beginning August 7, 2021 , the Company will reinstate its nonstop once-weekly service between Honolulu's Daniel K. Inouye International Airport (HNL) and Tahiti's Fa'a'ā International Airport (PPT).

Liquidity and Capital Resources

As of June 30, 2021, the Company had:

  • Unrestricted cash, cash equivalents and short-term investments of $2.2 billion , up $304 million from March 31, 2021
  • Outstanding debt and finance lease obligations of $2.2 billion , up $22 million from March 31, 2021
  • Air traffic liability of $823 million , up $136 million from March 31, 2021

The Company further enhanced its liquidity position during the second quarter of 2021 with $173.4 million in grants and $31.4 million in loans pursuant to the Payroll Support Program Extension Agreement (the "PSP Extension Agreement") and Payroll Support Program 3 Agreement with the U.S. Department of the Treasury.

As of June 30, 2021 , the Company had $2.4 billion in liquidity, including the undrawn portion of its $235 million revolving credit facility.

Guest Experience

In June 2021 , the Company announced a partnership with Boyd Gaming Corporation that will allow members to earn greater benefits and rewards with Boyd Gaming's award-winning B Connected player loyalty program and the HawaiianMiles program. Boyd Gaming and Hawaiian Airlines loyalty members will enjoy reciprocal earning and redemption benefits, providing the Company's guests with greater access to B Connected's selection of rewards tiers, exclusive player benefits and entertainment experiences, as well as more ways to earn and use HawaiianMiles.

As of July 15, 2021 , the Company restored its full cabin meal and beverage service, while maintaining safety standards for its guests and guest-facing team members.

The Company continues its enhanced cleaning procedures and guest-facing protocols to minimize the risk of transmission of COVID-19. Understanding that health and safety are still critical concerns for our guests, the Company will continue to focus on protective measures such as:

  • Frequent cleaning and disinfecting of counters and self-service check-in kiosks in airports.
  • Ensuring hand sanitizers are readily available for guests at airports it serves.
  • Requiring guests and guest-facing employees to wear face masks or coverings, with guests required to wear masks throughout their travel, including at our airport spaces, during boarding, in-flight (except when eating or drinking) and when deplaning.
  • Performing enhanced aircraft cleaning between flights and during overnight parking.

Environmental, Social and Corporate Governance

In July 2021 , the Company published its 2021 Corporate Kuleana Report reinforcing its commitment to sustainability and outlining its progress advancing various environmental, social and governance (ESG) initiatives. A link to the report can be found through the Investor Relations, Corporate Responsibility section of Hawaiian's website.

Addressing climate change remains one of the Company's key ESG priorities. The Company has committed to achieving net-zero carbon emissions by 2050 through ongoing fleet investments, more efficient flying, carbon offsets, industry advocacy for air traffic control reform and development of sustainable aviation fuel supply. Starting this year, the Company has pledged to offset emissions from international flights above 2019 levels, in accordance with the International Civil Aviation Organization's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

In 2020, the Company decreased Available Seat Miles (ASMs) by 63.3 percent and Revenue Passenger Miles (RPMs) by 74.3 percent compared to 2019. The Company's CO2 greenhouse gas emissions (GHG) dropped commensurately by 60.7 percent.  After adjusting its fuel consumption figures to remove cargo-only flying, the Company reduced CO2 emissions intensity per ASM year-over-year by 2.1%.

The Company also defined steps it is taking to foster diversity and inclusion. Evidence-based processes to minimize bias in hiring and promotional practices across the Company have contributed to team diversity, with approximately 78% of Hawaiian's active workforce identifying as diverse based on ethnicity and 44% based on gender.

Third Quarter 2021 Outlook

The Company expects to continue to rebuild its network in the third quarter, driven primarily by North America and Neighbor Island flying, as the timing of International demand recovery remains uncertain. The Company expects improvement in total revenue, with continued strength in North America demand, and steady improvement in Neighbor Island routes. The Company expects an increase in operating expenses, excluding non-recurring items, primarily driven by the increase in capacity as compared to the second quarter, higher fuel price, higher airport rates, and costs related to preparing for the resumption of more significant international flying.

The table below summarizes the Company's expectations for the third quarter ending September 30, 2021 , expressed as an expected percentage change compared to the results for the quarter ended September 30, 2019 , as applicable.

Item

 

Third Quarter 2021
Guidance

 

GAAP Equivalent

 

GAAP Third Quarter
2021 Guidance

ASMs

 

Down 20 to 23%

       

Total Revenue

 

Down 28 to 33%

       

Operating Expenses, excluding non-recurring items (a)

 

Down 10 to 14%

 

Operating Expenses (a)

 

Down 22 to 26%

Interest Expense

 

$30 million

       

Adjusted EBITDA (b)

 

$(20) million to $20 million

       

Effective Tax Rate

 

~21%

       

Fuel Price per Gallon (c)

 

$2.04

       
   

(a)

See Table 4 for a reconciliation of GAAP operating expenses to operating expenses excluding non-recurring items.

(b)

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.

(c)

Fuel Price per Gallon estimates are based on the July 23, 2021 fuel forward curve.

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

Investor Conference Call

Hawaiian Holdings' quarterly results conference call is scheduled to begin today (July 27, 2021) at 4:30 p.m. Eastern Time ( USA ).  The conference call will be broadcast live over the Internet. Investors may access and listen to the live audio webcast on the investor relations section of the Company's website at HawaiianAirlines.com . For those who are not available for the live webcast, a replay of the webcast will be archived for 90 days on the investor relations section of the Company's website.

 

About Hawaiian Airlines

Hawaiian® has led all U.S. carriers in on-time performance for each of the past 17 years (2004-2020) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawai'i.

Now in its 92nd year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline. Hawaiian offers approximately 130 flights within the Hawaiian Islands, daily nonstop flights between Hawai'i and 16 U.S. gateway cities – more than any other airline – as well as once-weekly service connecting Honolulu and Tahiti. As a result of the COVID-19 pandemic, Hawaiian is operating an adjusted flight schedule between Hawai'i and Japan and Korea, and has temporarily suspended service in Australia , New Zealand and American Samoa .

The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com . Follow Hawaiian's Twitter updates ( @HawaiianAir ), become a fan on Facebook  ( Hawaiian Airlines ), and follow us on Instagram ( hawaiianairlines ). For career postings and updates, follow Hawaiian's LinkedIn page.

For media inquiries, please visit Hawaiian Airlines' online newsroom.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to certain current and future events and financial performance.  Such forward-looking statements include, without limitation, the Company's recovery from the COVID-19 pandemic, including the timing to rebuild its business; route schedules; the outcome of the Company's partnership with Boyd Gaming Corporation, the Company's continued focus on effective cleaning, sanitization and safety efforts; the Company's ESG commitments, the Company's expectations related to rebuilding its network and improvement in revenue in the third quarter of 2021, including the expected strength of the North America market; expectations related to the recovery of our international routes; the Company's expectations regarding the increase in operating expenses, excluding non-recurring items, driven by the increase in capacity in the third quarter of 2021; the Company's outlook for the third quarter of 2021, including expectations regarding ASMs, total revenue, operating expense, interest expense, adjusted EBITDA, effective tax rate, capital expenditures and statements as to other matters that do not relate strictly to historical facts or statements of assumptions underlying any of the foregoing.  Words such as "expects," "anticipates," "projects," "intends," "plans," "believes," "estimates," variations of such words, and similar expressions are also intended to identify such forward-looking statements.  These forward-looking statements are and will be subject to many risks, uncertainties and assumptions relating to the Company's operations and business environment, all of which may cause the Company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements.  These risks and uncertainties include, without limitation, the continuing and developing effects of the spread of COVID-19 on the Company's business operations and financial condition; the duration of government-mandated and other restrictions on travel; the full effect that the quarantine, restrictions on travel and other measures to limit the spread of COVID-19 will have on demand for air travel in the markets in which the Company operates; fluctuations and the extent of declining demand for air transportation in the markets in which the Company operates; the Company's dependence on the tourism industry; the Company's ability to manage its available cash; the Company's ability to accurately forecast economic volatility; macroeconomic developments; political developments; the price and availability of aircraft fuel; labor negotiations; regulatory determinations and related developments; competitive pressures, including the impact of industry capacity between North America and Hawai'i and interisland; changes in the Company's future capital needs; and foreign currency exchange rate fluctuations.

The risks, uncertainties and assumptions referred to above that could cause the Company's results to differ materially from the results expressed or implied by such forward-looking statements also include the risks, uncertainties and assumptions discussed from time to time in the Company's other public filings and public announcements, including the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q, as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission.  All forward-looking statements included in this document are based on information available to the Company on the date hereof.  The Company does not undertake to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date hereof even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.

 

 

Table 1.

Hawaiian Holdings, Inc.

Consolidated Statements of Operations (unaudited)

         
   

Three Months Ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

% Change

 

2021

 

2020

 

% Change

   

(in thousands, except per share data)

Operating Revenue:

                       

Passenger

 

$

356,271

   

$

29,762

   

1,097.1

%

 

$

493,740

   

$

533,231

   

(7.4)

%

Other

 

54,510

   

30,242

   

80.2

%

 

99,258

   

85,917

   

15.5

%

Total

 

410,781

   

60,004

   

584.6

%

 

592,998

   

619,148

   

(4.2)

%

Operating Expenses:

                       

Wages and benefits

 

170,858

   

141,889

   

20.4

%

 

330,937

   

330,143

   

0.2

%

Aircraft fuel, including taxes and delivery

 

83,840

   

7,003

   

1,097.2

%

 

131,576

   

120,481

   

9.2

%

Maintenance, materials and repairs

 

37,083

   

13,994

   

165.0

%

 

71,335

   

74,403

   

(4.1)

%

Aircraft and passenger servicing

 

25,730

   

3,036

   

747.5

%

 

42,981

   

41,319

   

4.0

%

Depreciation and amortization

 

35,113

   

39,333

   

(10.7)

%

 

70,469

   

78,782

   

(10.6)

%

Commissions and other selling

 

17,270

   

2,927

   

490.0

%

 

28,679

   

29,643

   

(3.3)

%

Aircraft rent

 

27,679

   

23,886

   

15.9

%

 

57,520

   

50,890

   

13.0

%

Other rentals and landing fees

 

27,339

   

13,677

   

99.9

%

 

47,007

   

43,443

   

8.2

%

Purchased services

 

23,771

   

19,887

   

19.5

%

 

47,868

   

54,128

   

(11.6)

%

Special items

 

8,983

   

34,014

   

(73.6)

%

 

8,983

   

160,918

   

(94.4)

%

Government grant recognition

 

(95,119)

   

(111,560)

   

(14.7)

%

 

(242,389)

   

(111,560)

   

117.3

%

Other

 

29,759

   

20,882

   

42.5

%

 

52,721

   

63,618

   

(17.1)

%

Total

 

392,306

   

208,968

   

87.7

%

 

647,687

   

936,208

   

(30.8)

%

Operating Income (Loss)

 

18,475

   

(148,964)

   

(112.4)

%

 

(54,689)

   

(317,060)

   

(82.8)

%

Nonoperating Income (Expense):

                       

Interest expense and amortization of debt discounts and issuance costs

 

(30,315)

   

(8,221)

       

(54,008)

   

(15,016)

     

Interest income

 

1,345

   

2,766

       

2,594

   

5,786

     

Capitalized interest

 

776

   

921

       

1,460

   

1,752

     

Gains (losses) on fuel derivatives

 

   

(184)

       

217

   

(6,636)

     

Loss on extinguishment of debt

 

   

       

(3,994)

   

     

Other components of net periodic benefit cost

 

981

   

387

       

1,962

   

725

     

Other, net

 

444

   

774

       

21,340

   

2,740

     

Total

 

(26,769)

   

(3,557)

       

(30,429)

   

(10,649)

     

Loss Before Income Taxes

 

(8,294)

   

(152,521)

       

(85,118)

   

(327,709)

     

Income tax benefit

 

(2,117)

   

(45,617)

       

(18,250)

   

(76,433)

     

Net Loss

 

$

(6,177)

   

$

(106,904)

       

$

(66,868)

   

$

(251,276)

     

Net Loss Per Share

                       

Basic

 

$

(0.12)

   

$

(2.33)

       

$

(1.33)

   

$

(5.47)

     

Diluted

 

$

(0.12)

   

$

(2.33)

       

$

(1.33)

   

$

(5.47)

     

Weighted Average Number of Common Stock Shares Outstanding:

                       

Basic

 

51,156

   

45,971

       

50,319

   

45,969

     

Diluted

 

51,156

   

45,971

       

50,319

   

45,969

     

 

 

Hawaiian Holdings, Inc.

Consolidated Balance Sheet (unaudited)

         
   

June 30, 2021

(unaudited)

 

December 31,
2020

   

(in thousands, except shares)

ASSETS

       

Current Assets:

       

Cash and cash equivalents

 

$

1,248,480

   

$

509,639

 

Restricted cash

 

31,820

   

 

Short-term investments

 

933,099

   

354,782

 

Accounts receivable, net

 

63,829

   

67,527

 

Income taxes receivable

 

94,508

   

95,002

 

Spare parts and supplies, net

 

35,439

   

35,442

 

Prepaid expenses and other

 

74,893

   

56,086

 

Total

 

2,482,068

   

1,118,478

 

Property and equipment, less accumulated depreciation and amortization of $963,989
and $894,519 as of June 30, 2021 and December 31, 2020, respectively

 

2,001,829

   

2,085,030

 

Other Assets:

       

Assets held for sale

 

29,542

   

 

Operating lease right-of-use assets

 

582,040

   

627,359

 

Long-term prepayments and other

 

107,157

   

133,663

 

Intangible assets, net

 

13,500

   

13,500

 

Total Assets

 

$

5,216,136

   

$

3,978,030

 

LIABILITIES AND SHAREHOLDERS' EQUITY

       

Current Liabilities:

       

Accounts payable

 

$

109,058

   

$

112,002

 

Air traffic liability and current frequent flyer deferred revenue

 

823,074

   

533,702

 

Other accrued liabilities

 

256,342

   

140,081

 

Current maturities of long-term debt, less discount

 

141,536

   

115,019

 

Current maturities of finance lease obligations

 

24,004

   

21,290

 

Current maturities of operating leases

 

82,574

   

82,454

 

Total

 

1,436,588

   

1,004,548

 

Long-Term Debt

 

1,887,541

   

1,034,805

 

Other Liabilities and Deferred Credits:

       

Noncurrent finance lease obligations

 

112,932

   

120,618

 

Noncurrent operating leases

 

461,822

   

503,376

 

Accumulated pension and other post-retirement benefit obligations

 

211,976

   

217,737

 

Other liabilities and deferred credits

 

83,022

   

78,908

 

Noncurrent frequent flyer deferred revenue

 

212,326

   

201,239

 

Deferred tax liability, net

 

199,455

   

216,642

 

Total

 

1,281,533

   

1,338,520

 

Commitments and Contingencies

       

Shareholders' Equity:

       

Special preferred stock, $0.01 par value per share, three shares issued and
outstanding as of June 30, 2021 and December 31, 2020

 

   

 

Common stock, $0.01 par value per share, 51,207,816 and 48,145,093 shares
outstanding as of June 30, 2021 and December 31, 2020, respectively

 

512

   

481

 

Capital in excess of par value

 

265,654

   

188,593

 

Accumulated income

 

458,742

   

525,610

 

Accumulated other comprehensive loss, net

 

(114,434)

   

(114,527)

 

Total

 

610,474

   

600,157

 

Total Liabilities and Shareholders' Equity

 

$

5,216,136

   

$

3,978,030

 

 

 

Hawaiian Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

     
   

Six months ended June 30,

   

2021

 

2020

   

(in thousands)

Net cash provided by Operating Activities

 

$

417,277

   

$

3,458

 

Cash flows from Investing Activities:

       

Additions to property and equipment, including pre-delivery payments

 

(17,886)

   

(93,956)

 

Proceeds from the disposition of aircraft related equipment

 

117

   

 

Purchases of investments

 

(862,001)

   

(64,215)

 

Sales of investments

 

280,007

   

143,679

 

Net cash used in investing activities

 

(599,763)

   

(14,492)

 

Cash flows from Financing Activities:

       

Proceeds from the issuance of common stock

 

68,132

   

 

Long-term borrowings

 

1,251,705

   

283,964

 

Repayments of long-term debt and finance lease obligations

 

(342,151)

   

(39,129)

 

Dividend payments

 

   

(5,514)

 

Debt issuance costs

 

(24,664)

   

 

Repurchases of common stock

 

   

(7,510)

 

Payment for taxes withheld for stock compensation

 

(1,712)

   

(1,313)

 

Other

 

1,837

   

 

Net cash provided by financing activities

 

953,147

   

230,498

 

Net increase in cash and cash equivalents

 

770,661

   

219,464

 

Cash, cash equivalents, and restricted cash – Beginning of Period

 

509,639

   

373,056

 

Cash, cash equivalents, and restricted cash – End of Period

 

$

1,280,300

   

$

592,520

 

 

 

Table 2.

Hawaiian Holdings, Inc.

Selected Statistical Data (unaudited)

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

% Change

 

2021

 

2020

 

% Change

   

(in thousands, except as otherwise indicated)

Scheduled Operations (a) :

                       

Revenue passengers flown

 

1,723

   

182

   

846.7

%

 

2,456

   

2,542

   

(3.4)

%

Revenue passenger miles (RPM)

 

2,764,719

   

95,084

   

2,807.7

%

 

3,818,847

   

3,806,558

   

0.3

%

Available seat miles (ASM)

 

3,546,316

   

409,490

   

766.0

%

 

6,012,358

   

5,384,460

   

11.7

%

Passenger revenue per RPM (Yield)

 

12.89

¢

 

31.30

¢

 

(58.8)

%

 

12.93

¢

 

14.01

¢

 

(7.7)

%

Passenger load factor (RPM/ASM)

 

78.0

%

 

23.2

%

 

54.8

pts.

 

63.5

%

 

70.7

%

 

(7.2)

pts.

Passenger revenue per ASM (PRASM)

 

10.05

¢

 

7.27

¢

 

38.2

%

 

8.21

¢

 

9.90

¢

 

(17.1)

%

Total Operations (a) :

                       

Revenue passengers flown

 

1,730

   

182

   

850.5

%

 

2,466

   

2,544

   

(3.1)

%

Revenue passenger miles (RPM)

 

2,789,129

   

95,084

   

2,833.3

%

 

3,851,446

   

3,809,858

   

1.1

%

Available seat miles (ASM)

 

3,586,928

   

409,490

   

776.0

%

 

6,068,574

   

5,389,019

   

12.6

%

Operating revenue per ASM (RASM)

 

11.45

¢

 

14.65

¢

 

(21.8)

%

 

9.77

¢

 

11.49

¢

 

(15.0)

%

Operating cost per ASM (CASM)

 

10.94

¢

 

51.03

¢

 

(78.6)

%

 

10.67

¢

 

17.37

¢

 

(38.6)

%

CASM excluding aircraft fuel and non-recurring items (b)

 

11.00

¢

 

68.26

¢

 

(83.9)

%

 

12.35

¢

 

14.22

¢

 

(13.2)

%

Aircraft fuel expense per ASM (c)

 

2.34

¢

 

1.70

¢

 

37.6

%

 

2.17

¢

 

2.23

¢

 

(2.7)

%

Revenue block hours operated

 

39,250

   

6,496

   

504.2

%

 

66,245

   

59,355

   

11.6

%

Gallons of jet fuel consumed

 

44,442

   

7,759

   

472.8

%

 

74,388

   

71,580

   

3.9

%

Average cost per gallon of jet fuel (actual) (c)

 

$

1.89

   

$

0.90

   

110.0

%

 

$

1.77

   

$

1.68

   

5.4

%

Economic fuel cost per gallon (c)(d)

 

$

1.89

   

$

1.26

   

50.0

%

 

$

1.77

   

$

1.76

   

0.6

%

 

(a)

Includes the operations of the Company's contract carrier under a capacity purchase agreement.

(b)

See Table 4 for a reconciliation of GAAP operating expenses to operating expenses excluding aircraft fuel and non-recurring items.

(c)

Includes applicable taxes and fees.

(d)

See Table 3 for a reconciliation of GAAP fuel costs to economic fuel costs.

 

 

Table 3.
Hawaiian Holdings, Inc.
Economic Fuel Expense (unaudited)

The Company believes that economic fuel expense is a good measure of the effect of fuel prices on its business as it most closely approximates the net cash outflow associated with the purchase of fuel for its operations in a period. The Company defines economic fuel expense as GAAP fuel expense plus losses/(gains) realized through actual cash (receipts)/payments received from or paid to hedge counterparties for fuel hedge derivative contracts settled during the period.

 

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

% Change

 

2021

 

2020

 

% Change

   

(in thousands, except per-gallon amounts)

Aircraft fuel expense, including taxes and delivery

 

$

83,840

   

$

7,003

   

1,097.2

%

 

$

131,576

   

$

120,481

   

9.2

%

Realized losses on settlement of fuel derivative contracts

 

   

2,751

   

(100.0)

%

 

165

   

5,837

   

(97.2)

%

Economic fuel expense

 

$

83,840

   

$

9,754

   

759.5

%

 

$

131,741

   

$

126,318

   

4.3

%

Fuel gallons consumed

 

44,442

   

7,759

   

472.8

%

 

74,388

   

71,580

   

3.9

%

Economic fuel costs per gallon

 

$

1.89

   

$

1.26

   

50.0

%

 

$

1.77

   

$

1.76

   

0.6

%

 

 

Table 4.
Hawaiian Holdings, Inc.
Non-GAAP Financial Reconciliation (unaudited)

The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including net income (loss), operating expenses, diluted net income per share, CASM, PRASM, RASM, Passenger Revenue per RPM, EBITDA, and pre-tax margin.  Pursuant to Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial measures reported on a GAAP basis.  The adjustments are described below:

  • During the three and six months ended June 30, 2020 , the effective tax rate included a tax benefit of $9.2 million and $23.4 million , respectively, resulting from the rate differential between the prevailing tax rate of 21% during the years that generated net operating losses and the previous tax rate of 35% that was in effect during the years to which net operating losses were carried back as a result of the enactment of the Coronavirus Aid Relief and Economic Security (CARES) Act.
  • During the three and six months ended June 30, 2020 , the Company recognized $111.6 million in contra-expense related to grant proceeds under the PSP Extension Agreement. During the three and six months ended June 30, 2021 , the Company recognized $95.1 million and $245.2 million , respectively in contra-expense related to grant proceeds under the PSP Extension Agreement. The grant proceeds were recognized in proportion to estimated wages and benefits expense over the period the PSP Extension Agreement covers.  The Company expects to fully recognize the remaining grant proceeds by the end of the third quarter 2021.
  • Loss on extinguishment of debt is excluded to allow investors to better analyze our core operational performance and more readily compare our results to other airlines in the periods presented below.
  • Changes in fair value of fuel derivative contracts, net of tax, are based on market prices for open contracts as of the end of the reporting period, and include the unrealized amounts of fuel derivatives (not designated as hedges) that will settle in future periods and the reversal of prior period unrealized amounts.
  • Unrealized loss (gain) on foreign debt is based on fluctuation in exchange rates and the measurement of foreign-denominated debt to our functional currency.
  • Changes in fair value of foreign currency derivative contracts, net of tax, are based on market prices for open contracts as of the end of the reporting period, including the unrealized amounts of foreign currency derivatives (not designated as hedges) that will settle in future periods and the reversal of prior period unrealized amounts.
  • The Company recorded the following as special items:
    • During the three months ended March 31, 2020 , a charge of $20.2 million was recorded for the ratification of a collective bargaining agreement with the Association of Flight Attendants in April 2020 (related to service prior to January 1, 2020 ).
    • During the three months ended March 31, 2020 , a special charge of $106.7 million was recorded for goodwill impairment resulting from the decline in the market value of the Company's equity (i.e., share price), and the Company's inability to support the carrying value of goodwill on its financial statements.
    • During the three months ended June 30, 2021 , a special charge of $9.0 million was recorded for the termination of the Company's 'Ohana by Hawaiian passenger and cargo operations, which operated under a Capacity Purchase Agreement (CPA) with a third party carrier.  The charge included $6.4 million related to the write-down of the asset group and $2.6 million related to the early termination of the CPA.
    • During the six months ended June 30, 2020 , the Company recorded special items of $34 .0 million comprised of the following: (a) an impairment charge of $27.5 million to fair value the Company's ATR-42 and ATR-72 fleets, (b) an impairment charge of $3.4 million to fair value the Company's commercial real estate assets, and (c) an approximately $3.1 million write-off for discontinued software-related projects as a result of the COVID-19 pandemic.

The Company believes that adjusting for the impact of an effective tax rate differential, the recognition of grant proceeds, changes in fair value of fuel and foreign currency derivative contracts, fluctuations in exchange rates on debt instruments denominated in foreign currency, special items and the loss recognized on the extinguishment of debt helps investors better analyze the Company's operational performance and compare its results to other airlines in the periods presented.

 

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

2021

 

2020

   

Total

 

Diluted Net
Loss Per
Share

 

Total

 

Diluted Net
Loss Per
Share

 

Total

 

Diluted Net
Loss Per
Share

 

Total

 

Diluted Net
Loss Per
Share

   

(in thousands, except per share data)

GAAP Net Loss, as reported

 

$

(6,177)

   

$

(0.12)

   

$

(106,904)

   

$

(2.33)

   

$

(66,868)

   

$

(1.33)

   

$

(251,276)

   

$

(5.47)

 

Adjusted for:

                               

CARES Act carryback of additional NOLs

 

   

   

(9,238)

   

(0.20)

   

   

   

(23,394)

   

(0.51)

 

Government  grant recognition

 

(95,119)

   

(1.86)

   

(111,560)

   

(2.43)

   

(242,389)

   

(4.82)

   

(111,560)

   

(2.43)

 

Loss on debt extinguishment

 

   

   

   

   

3,994

   

0.08

   

   

 

Changes in fair value of fuel derivative contracts

 

   

   

(2,567)

   

(0.06)

   

(382)

   

(0.01)

   

799

   

0.02

 

Unrealized (gains) losses on foreign debt

 

92

   

   

1,679

   

0.04

   

(18,951)

   

(0.38)

   

2,422

   

0.05

 

Unrealized (gains) losses on non-designated foreign exchange positions

 

397

   

0.01

   

612

   

0.01

   

(1,352)

   

(0.03)

   

(200)

   

 

Special items

 

8,983

   

0.18

   

34,014

   

0.74

   

8,983

   

0.18

   

160,918

   

3.50

 

Tax effect of adjustments

 

17,986

   

0.35

   

19,253

   

0.42

   

52,520

   

1.04

   

13,430

   

0.29

 

Adjusted net loss

 

$

(73,838)

   

$

(1.44)

   

$

(174,711)

   

$

(3.81)

   

$

(264,445)

   

$

(5.27)

   

$

(208,861)

   

$

(4.55)

 

 

 

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

2021

 

2020

   

Total

 

Margin

 

Total

 

Margin

 

Total

 

Margin

 

Total

 

Margin

   

(in thousands, except margin data)

Loss Before Income Taxes, as reported

 

$

(8,294)

   

(2.0)

%

 

$

(152,521)

   

(254.2)

%

 

$

(85,118)

   

(14.4)

%

 

$

(327,709)

   

(52.9)

%

Adjusted for:

                               

Government grant recognition

 

(95,119)

   

(23.2)

   

(111,560)

   

(185.9)

   

(242,389)

   

(40.8)

   

(111,560)

   

(18.0)

 

Loss on debt extinguishment

 

   

   

   

   

3,994

   

0.7

   

   

 

Changes in fair value of fuel derivative contracts

 

   

   

(2,567)

   

(4.3)

   

(382)

   

(0.1)

   

799

   

0.1

 

Unrealized (gains) losses on foreign debt

 

92

   

   

1,679

   

2.8

   

(18,951)

   

(3.2)

   

2,422

   

0.3

 

Unrealized (gains) losses on non-designated foreign exchange positions

 

397

   

0.1

   

612

   

1.0

   

(1,352)

   

(0.2)

   

(200)

   

 

Special items

 

8,983

   

2.2

   

34,014

   

56.7

   

8,983

   

1.5

   

160,918

   

26.0

 

Adjusted Loss Before Income Taxes

 

$

(93,941)

   

(22.9)

%

 

$

(230,343)

   

(383.9)

%

 

$

(335,215)

   

(56.5)

%

 

$

(275,330)

   

(44.5)

%

 

 

Operating Costs per Available Seat Mile (CASM)
The Company has separately listed in the table below its fuel costs per ASM and non-GAAP unit costs, excluding fuel and non-recurring items.  These amounts are included in CASM, but for internal purposes the Company consistently uses cost metrics that exclude fuel and non-recurring items (if applicable) to measure and monitor its costs.

 

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

2021

 

2020

   

(in thousands, except CASM data)

GAAP Operating Expenses

 

$

392,306

   

$

208,968

   

$

647,687

   

$

936,208

 

Adjusted for:

               

Government grant recognition

 

95,119

   

111,560

   

242,389

   

111,560

 

Special items

 

(8,983)

   

(34,014)

   

(8,983)

   

(160,918)

 

Operating Expenses excluding non-recurring items

 

$

478,442

   

$

286,514

   

$

881,093

   

$

886,850

 

Aircraft fuel, including taxes and delivery

 

(83,840)

   

(7,003)

   

(131,576)

   

(120,481)

 

Operating Expenses excluding fuel and non-recurring items

 

$

394,602

   

$

279,511

   

$

749,517

   

$

766,369

 

Available Seat Miles

 

3,586,928

   

409,490

   

6,068,574

   

5,389,019

 

CASM – GAAP

 

10.94

¢

 

51.03

¢

 

10.67

¢

 

17.37

¢

Aircraft fuel, including taxes and delivery

 

(2.34)

   

(1.70)

   

(2.17)

   

(2.23)

 

Government grant recognition

 

2.65

   

27.24

   

3.99

   

2.07

 

Special items

 

(0.25)

   

(8.31)

   

(0.14)

   

(2.99)

 

CASM excluding fuel and non-recurring items

 

11.00

¢

 

68.26

¢

 

12.35

¢

 

14.22

¢

 

 

Operating Expenses Excluding Non-recurring Items Outlook

The Company excludes non-recurring items from its operating expense outlook for the same reasons as described above.

 

   

Estimated three months ending
September 30, 2021

   

(in thousands)

GAAP operating expenses

 

$

471,123

 

$

496,663

 

Adjusted for:

       

Non-recurring items

 

(78,000)

 

(78,000)

 

Operating expenses, excluding non-recurring items

 

$

549,123

 

$

574,663

 

 

 

Adjusted EBITDA

The Company believes that adjusting earnings for interest, taxes, depreciation and amortization, non-recurring operating expenses (such as changes in unrealized gains and losses on financial instruments) and one-time charges helps investors better analyze the Company's financial performance by allowing for company-to-company and period-over-period comparisons that are unaffected by company-specific or one-time occurrences.

 

   

Three months ended June 30,

 

Six months ended June 30,

   

2021

 

2020

 

2021

 

2020

   

(in thousands)

Net Loss

 

$

(6,177)

   

(106,904)

   

$

(66,868)

   

(251,276)

 

Income tax benefit

 

(2,117)

   

(45,617)

   

(18,250)

   

(76,433)

 

Depreciation and amortization

 

35,113

   

39,333

   

70,469

   

78,782

 

Interest expense and amortization of debt discounts and issuance costs

 

30,315

   

8,221

   

54,008

   

15,016

 

EBITDA, as reported

 

57,134

   

(104,967)

   

39,359

   

(233,911)

 

Adjusted for:

               

Government grant recognition

 

(95,119)

   

(111,560)

   

(242,389)

   

(111,560)

 

Changes in fair value of fuel derivative instruments

 

   

(2,567)

   

(382)

   

799

 

Unrealized gain on non-designated foreign exchange positions

 

397

   

612

   

(1,352)

   

(200)

 

Unrealized (gains) losses on foreign debt

 

92

   

1,679

   

(18,951)

   

2,422

 

Special items

 

8,983

   

34,014

   

8,983

   

160,918

 

Loss on extinguishment of debt

 

   

   

3,994

   

 

Adjusted EBITDA

 

$

(28,513)

   

$

(182,789)

   

$

(210,738)

   

$

(181,532)

 
                                 

 

 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/hawaiian-holdings-reports-2021-second-quarter-financial-results-301342518.html

SOURCE Hawaiian Holdings, Inc.

The ultimate guide to visit Boise, Idaho

As the airline with the most flights to & from BOI, we know all the gems you have to see in Boise.

The city is a perfect blend of outdoor adventure, relaxation and nonstop fun. No matter where you go in Idaho, you’re bound to spot stunning mountain peaks, pristine lakes and enjoy fishing, white water rafting, horseback riding, backpacking or unwind with a nice glass of red wine riverside.

And, while some things have changed, the friendly, helpful and welcoming community of Boise has not. Join us on the journey to get there and know it’s safe with our Next-Level Care.

Here’s what you have to do in Boise:

Savor the flavors  

Idaho’s state fruit—Huckleberries—can be found in pastries, milkshakes, syrups and other delightful creations.   

Fry sauce, a combination of ketchup and mayonnaise, is also a must-try. Meat-eaters won’t want to miss out on Idaho’s deep-fried finger steak, which happens to pair perfectly with fry sauce (it’s not just for fries!).  

Taste all the flavors at Stella’s Ice Cream.

Seal the trip with a tour of the Capitol  

Did you know Idaho is the only state with a state seal designed by a woman? Painter and designer Emma Edwards Green’s submission, featuring Lady Justice, a miner and Idaho’s natural resources, was selected for the prestigious placement in 1891. Tour the state capitol building in Boise to learn more about the state seal and the state’s rich history.  

Hit the trails  

Idaho’s attractive landscapes stretch nearly miles from the Nevada-Idaho state line to the Idaho Panhandle at the Canadian border. In between, you will find a wonderland of forests, crystal-clear mountain lakes, cascading rivers, rugged canyons and desert.   

Freddy’s Stack Rock Trail  

The 5,895-foot, pyramid-shaped Stack Rock is about 30 minutes north of Boise. The views are outstanding, especially looking over the furrowed topography stretching miles and miles to the west. In late March through early May, the canyon is at its best when temperatures are mild and wildflowers add color to the green hillsides.   

Ready, set, raft  

Boise is less than an hour from several rafting opportunities. The Main Payette River, just north of Boise, is an easy half-day trip (about three hours on the water) and perfect for first-timers and seasoned paddlers. All levels will enjoy the approachable Class I and II rapids along this fun, leisurely run between May and September.  Learn more about guided tours, rivers and rafting seasons at raftidaho.org.  

Photo by Angga Indratama on Unsplash

Bike rail-to-trail   

Whether you want to rent a bicycle to tred downtown or venture out, Boise has all the stops. The Boise Greenbelt follows 25 miles of the Boise River, connecting Lucky Peak State Park, downtown Boise and many neighborhoods. The paved trail extends on both sides of the river, winding through numerous city parks and passing by restaurants, wineries, public art and points of interest.

Sip back, relax  

If you’re—of age—and want to savor Idaho’s wine country, start in Boise at Telaya Wine Co., which overlooks the Boise River, or check out the chic Coiled Wine Bar in downtown Boise for some fine reds & roses. Throughout the state, there are a plethora of wineries and tasting rooms to choose from. Pro tip: Wine flies free on Alaska; learn more

Croquetas & Chardonnay make a great pair, via the Basque Market, another great spot!

Meet the Makers: Learn from the Connoisseurs of Coffee at Big Island Coffee Roasters

When you shop with Hawaiʻi businesses, you’re doing more than supporting a local shop, restaurant or service provider. You are also investing in a community of hardworking entrepreneurs who are passionate about sharing all that makes Hawaiʻi special through their unique, island-made products. 

At Hawaiian Airlines, the state’s oldest and longest-serving carrier with roots as a small air tour operator, we are dedicated to engaging our guests in supporting fellow kamaʻāina companies — from our HawaiianMiles Marketplace to products we feature inflight. Our efforts to share Hawaiʻi products with the world have strengthened through a partnership with local business accelerator Mana Up and Hawaiian Airlines® Bank of Hawaii World Elite Mastercard®.

Mana Up, launched in 2018 to assist up-and-coming Hawaiʻi companies with growing and scaling their products, has backed 63 businesses across food, fashion, beauty, home and art. Last year, it helped generate over 325 jobs and $42.7 million in revenue for the state’s economy. As the exclusive airline partner of Mana Up, we are proud to jointly present Meet the Makers, a virtual event series kicking off this month on Hawaiian Airlines and Mana Up’s Facebook pages to celebrate nine Hawai‘i entrepreneurs and showcase their products.

MTM_-_IG_SQUARE_WEB_PAGE_d7941370-7265-408e-926e-29075c9eda00_800x 1

 

“With travel in flux over the last year, we wanted to launch a virtual series that offers an exclusive and behind-the-scenes look at our islands’ rising entrepreneurs and their locally made products,” said Brittany Heyd, cofounder of Mana Up. “Meet the Makers builds on years of collaboration with Hawaiian Airlines, and we are looking forward to highlighting the journeys of Hawai‘i’s most fascinating business owners.”

Over the next several months on our blog, we will feature the stories of the small businesses participating in the Meet the Makers series before each live event. The first episode debuts on July 28 with Big Island Coffee Roasters, where roasting coffee beans and making the perfect island blends is an art form. 

“We get comments from people who start drinking our coffee and then can't go back [to their usual blend]. Experiencing freshly milled and roasted Hawaiian coffee coverts them,” said Kelleigh Stewart, co-owner of Big Island Coffee Roasters. 

The Island of Hawaiʻi-based company took root in 2010 when its two owners, Brandon von Damitz and Stewart, stumbled upon an online advertisement listing a small coffee farm for sale in Puna on the island’s eastern side. The duo purchased the farm with no experience growing coffee and spent years learning to cultivate one of modern Hawai‘i’s most prized specialty crops. 

Copy of Copy of IMG_7272

Photo credit: Mana Up/Big Island Coffee Roasters
Brandon von Damitz and Kelleigh Stewart preparing and pouring their award-winning coffee blends.

 

Big Island Coffee Roasters still calls its original farm home, though today produces some of the finest regional varieties in the islands, including Kona, Kaʻū, Puna and Maui. Named "The Ultimate Artisan Coffee" by Coffee Review, their teams do a little of everything in-house, from hand-picking coffee cherries (which produce the beans), milling in small batches, and sorting natural defects from the coffees, to roasting to-order and date-stamping the bags.

cultivate_600x600

Photo credit: Mana Up/Big Island Coffee Roasters
Big Island Coffee Roasters' farm in Puna on the Island of Hawaiʻi

 

“We roast to order, meaning we don't keep pre-roasted inventory in stock because we want to maintain a high level of quality,” Stewart said. “Roasting to order equates to a big checklist for the production team working in our roastery, including generating order lists, milling, grading, sorting, roasting and fulfilling orders. We're roasting all day, five to six days a week. On any of those days, the team might also be cupping new or rare Hawaiian coffees, working with farmers, or mastering a particular coffee blend before we debut it."

BICR2

Photo credit: Big Island Coffee Roasters
Hand-picked coffee cherries from Big Island Coffee Roasters' farm

 

"While our customers enjoy the quality and variety of coffee they receive, they also love knowing what their purchases support: living wages, sustainable agriculture, and regular donations to wildlife rescue organizations (over $7,000 this year!),” she added.

Big Island Coffee Roasters is now considered one of Hawaiʻi’s masterful coffee brands, with products sold in stores across the state. The company attributes part of its success to joining Mana Up’s second cohort of entrepreneurs in 2018.

hawaiianairlines-91

Travel Pono (responsibly) by supporting local businesses while visiting the Hawaiian islands. Big Island Coffee Roasters is sold and served at local cafes and stores throughout the state.

 

“It's all been very exciting, and I'm so proud of the Mana Up team. They are masterful connectors who have helped us scale distribution and build awareness for what we do,” Stewart said. “The benefits of having a community like Mana Up that we call on when we get stuck can't be understated. Neighbor Island companies like ours face complex challenges that you wouldn't expect, and they help us navigate difficult community dynamics toward finding the right, tailored solution.”

Big Island Coffee Roasters will host the first Meet the Makers event at its Puna headquarters, walking the audience through its farm and operations while offering a step-by-step demo on how to brew the perfect French press and pour-over coffee using its beans. Viewers are encouraged to purchase the company’s exclusive tasting set to immerse themselves further and follow along in demos.

BICRHAWAIIANAIRLINESPACKAGE_002_2000x

Photo credit: Mana Up/Big Island Coffee Roasters
The Big Island Coffee Roasters tasting set

 

Items in the set include:

Tasting sets are available for purchase at www.houseofmanaup.com/meet-the-makers. Cardmembers can use their Hawaiian Airlines® Bank of Hawaii World Elite Mastercard® to earn two additional bonus miles per $1 spent on all purchases.*


*Partner bonus miles earned through this offer are in addition to standard miles earned using your Hawaiian Airlines® Bank of Hawaii World Elite Mastercard®. No miles are awarded on cash back transactions. Please allow 4-6 weeks for miles to post to your HawaiianMiles account. HawaiianMiles standard terms and conditions apply. Additional restrictions may apply, see partner for details. Barclays Bank Delaware is not affiliated with Mana Up or the merchants participating in the Meet the Makers series or the HawaiianMiles Marketplace.

The Hawaiian Airlines® Bank of Hawaii World Elite Mastercard® is issued by Barclays Bank Delaware (Barclays) pursuant to a license by Mastercard International Incorporated. Mastercard, World Mastercard, and World Elite Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.

Hawaiian Holdings Announces 2021 Second Quarter Results Conference Call

HA High Res Logo_mid


HONOLULU , July 13, 2021 /PRNewswire/ — Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), plans to report its second quarter 2021 financial results after the market closes on Tuesday, July 27 , 2021. An investor conference call is scheduled for 4:30 p.m. Eastern Time that day.

The call will be open to all interested investors through a live audio webcast accessible in the Investor Relations section of Hawaiian's website at HawaiianAirlines.com . For those who are not able to listen to the live webcast, the call will be archived for 90 days on Hawaiian's website.


About Hawaiian Airlines

Hawaiian ® has led all U.S. carriers in on-time performance for each of the past 17 years (2004-2020) as reported by the U.S. Departmentā of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawai'i.

Now in its 92nd year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline. Hawaiian offers approximately 130 flights within the Hawaiian Islands, daily nonstop flights between Hawai'i and 16 U.S. gateway cities – more than any other airline – as well as once-weekly service connecting Honolulu and Tahiti. As a result of the COVID-19 pandemic, Hawaiian is operating an adjusted flight schedule between Hawai'i and Japan and Korea, and has temporarily suspended service in Australia , New Zealand and American Samoa.

The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com . Follow Hawaiian's Twitter updates ( @HawaiianAir ), become a fan on Facebook ( Hawaiian Airlines ), and follow us on Instagram ( hawaiianairlines ). For career postings and updates, follow Hawaiian's LinkedIn page.

For media inquiries, please visit Hawaiian Airlines' online newsroom .

 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/hawaiian-holdings-announces-2021-second-quarter-results-conference-call-301332937.html

SOURCE Hawaiian Holdings, Inc.

Do’s & don’ts when returning to air travel

All of us at Alaska are here to bring you the best care in the air—and answer your burning travel questions. Check out these do’s & dont’s so you can travel well and plan those long-awaited trips:

Do: Wear a Mask.

We know wearing a mask for long period of time is not ideal for most people, but per our policy and federal requirements, all travelers (vaccinated or not) must wear a face mask during travel, including while in airports, boarding and deplaning and your entire flight. 

Don’t be the person who’s handed a yellow card for not complying with our mask policy. The card (our formal notice) is a warning to any guest who flagrantly refuses to wear a mask on board our aircraft. Upon review, we could ban guests who refuse to comply with our mask policy for a period of time.

Exceptions apply only to children under the age of two (in alignment with CDC age guidelines). Read more about the FAA’s mask requirement.

Do: Consider getting vaxxed.

Though it’s not a travel requirement, if you’re able to get vaccinated for COVID-19, we highly encourage you to do so. Before you fly with us, you will be asked to fill out a health agreement, which simply confirms you will wear a face covering on board/at the airport and that you have not shown any COVID symptoms in the past 72 hours and have not been in proximity to someone who has tested positive.

Don’t miss out on traveling! We have your safety covered every step of the way with our Next-Level Care—from booking and boarding to day-of travel and beyond. 

Do: Sit back & relax.

While it seems like sitting on a plane with other people could be risky, analysis of air travel shows viruses don’t spread easily on aircraft because of a number of things. One study concluded people wearing masks have a near zero (0.003%) chance of contracting COVID-19—even while seated next to someone.

You’re covered by:

  • High air exchange rates (fresh air every 2-3 min in the cabin)
  • HEPA filtration
  • Forward faced seating
  • High-back seats
  • Mask-wearing *this one is SUPER important*
  • Enhanced cleaning
  • Contactless features (pre order meals, mobile boarding pass)
  • Complimentary sanitizer

Do: Pre-order meals and enjoy snacks/drinks onboard.

More food and beverage options are now available on board! Snack on favorites like the Signature Fruit & Cheese Platter or try our new menu items via pre-order on most flights over two hours. For guests in First Class, delicious hot meals are back on coast-to-coast and Hawaiʻi flights, plus Boxed Water to quench any thirst.  

Don’t forget to pre-order your meal (if applicable) 20 hours before your flight!

Do: Get COVID-tested from trusted partners if necessary.

Some destinations, including Hawaii and Canada, have special travel requirements in place that require visitors/residents to have negative COVID-19 test results taken no more than 72 hours before travel, or they’ll need to comply with a 10-day self-quarantine. Be sure to schedule your test early, as appointments fill up in advance and use a trusted testing partner

Don’t wait until the last minute to get tested and be sure to use a trusted testing partner!

Do: Avoid travel if you’re not feeling healthy.

For your safety and for the safety of others around you, guests who have exhibited COVID-19 symptoms 72 hours before their flight or who have been in close proximity to someone who has tested positive are not allowed to fly with us. This is for the safety of all guests and employees.

Don’t fly if you’re not feeling well. 

Do: Pack your bag(s) & a little grace.

When traveling with us, you’re allowed to bring one carry-on bag plus one personal item, such as a purse, briefcase or laptop computer. At least one of the items should be stowed under the seat in front of you, and you’ll also need to be able to lift your own bag into the overhead bin. You can also check luggage at the airport.

PRO TIP: You’ll likely save time checking bags if you print your own bag tags at home.

While we pride ourselves on our 20-min bag guarantee for all our guests and checked bag perks for our Mileage Plan members, most airports are experiencing higher travel volumes right now. In the instance your bags don’t show within 20 minutes, please reach out to us at our baggage office within 2 hours of your flight’s arrival or speak to a nearby customer service agent at the airport.

Don’t exceed our bag size/weight limits

Do: Enjoy the fresh air.

Our cabin air is clean and safe. We have one of the newest fleets in the country which means our planes have the latest air filtration technology. Our planes are equipped with two hospital-grade HEPA filters that remove 99.95% of airborne particulates. Every 2-3 minutes there is a full exchange of cabin air with outside and HEPA-filtered air and 100% fresh air every 6 minutes. Learn more.

Don’t keep your air vents above your seat closed.

Do: Know high-touch surface areas have been cleaned.

We’ve took cleaning to the next level. Alaska’s enhanced aircraft cleaning procedures were developed/validated with infectious diseases experts at UW Medicine and exceed CDC cleaning guidelines. Between every flight, we’re using high-grade EPA disinfectants and electrostatic disinfectant sprayers to sanitize the most critical areas (overhead bins, armrests, tray tables, seatbelts, lavatories, etc).

At the airport, we’re working closely with airport services to ensure the highest level of cleanliness. We’ve instituted a cleaning program for the check-in lobby counters, kiosks and gate counters where the surfaces are wiped down with a disinfectant more frequently.

Don’t excessively wipe the leather seat with your own cleaning wipe, the leather dye color may come off. This doesn’t mean it’s dirty, it’s the active ingredient that is causing the color to come off on the wipe.

Do: Travel mindfully.

Wherever you’re planning to go, it’s important to protect yourself & others by wearing a mask, avoiding large crowds and washing your hands often. We encourage everyone to be kind and respectful to those helping get you from point A to point B. 

Don’t be unruly with other guests or our employees. Remember we’re all doing our best to make travel as safe, easy-going and accessible as possible. Please stick to travel guidelines and always practice being kind and considerate to the people around you. 

We’re all in this together and can’t wait to travel with you!

Book now at alaskaair.com. Mask up. Let’s go!

 

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