Kilauea eruption hurt bookings, Hawaiian Airlines warns


A volcanic eruption in Hawaii will likely dent bookings and revenue in the second quarter, Hawaiian Airlines said.

A powerful eruption at Hawaii’s Kilauea volcano started early last month, forcing evacuations of nearby residents. Hundreds of homes have been destroyed.

Hawaiian said it expects second-quarter revenue for each seat it flies a mile, a key industry metric, will come in 0.5 percent lower to 1.5 percent higher than it did a year ago. The airline previously estimated revenue would be flat to up as much as 3 percent.

The airline also warned about higher-than-expected fuel costs, an issue that has hit the airline industry broadly.

Hawaiian’s shares were off nearly 1 percent in after-hours trading.

Source link

Products You May Like

Articles You May Like

Threatened by coalition partner, Merkel seeks to break migration deadlock
In trade war with China, US chipmakers could be the biggest casualties
Aging in place vs. assisted living … It’s complicated
The US should break German lock on the European economy
Maxed out your 401(k) plan? Here’s another way to save

Leave a Reply

Your email address will not be published. Required fields are marked *