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But the current restrictions remain a significant barrier to travel, and we will need to see policies evolve further to realize the full demand potential in this geography.īased on what we’ve seen in Australia and South Korea, we know that there is pent up demand for travel to Hawaii and our international geographies just as we have seen domestically. In Japan, travel restrictions, incrementally eased with the removal of government mandated quarantine and an increase in visitor arrival allowances. New Zealand is implementing plans to ease restrictions, setting the table for us to restore service in July with flights three times weekly. Internationally, we are underway with the long-awaited recovery in demand for travel to Hawaii as COVID travel restrictions eased in Australia and South Korea. Specifically, restoring international service and returning to operations at full scale, enhancing commercial flexibility and operational efficiency through foundational technology, succeeding in a disrupted competitive environment and preparing for the 787s. Let me briefly touch on a few of the following themes for 2022 that we’ve discussed in our previous calls. Looking ahead, we expect record domestic revenue in the second quarter and a steady recovery of international demand as the year progresses. With the effects of the pandemic, more muted now than at any point since the beginning of 2020, we are enjoying a period of strong demand for travel to, from and within Hawaii.ĬOVID restrictions for travel to the State of Hawaii were lifted at the end of March and restrictions on travel in our key international geographies are appreciably reducing. We updated our first quarter outlook at the end of March, reflecting better than previously expected results due to strong demand throughout our network. This includes the most recent annual report filed on Form 10-K as well as subsequent reports filed on forms 10-Q and 8-K. We refer you to Hawaiian Holdings’ recent filings with the SEC for a more detailed discussion of the factors that could cause actual results to differ materially from those projected in any forward-looking statement. These statements are subject to risks and uncertainties and do not guarantee future performance, and therefore, undue reliance should not be placed upon them. Management may also make additional forward-looking statements in response to your questions. A detailed reconciliation of GAAP to non-GAAP numbers and metrics can be found at the end of today’s press release posted on the Investor Relations page of our website.Īs a reminder, the following prepared remarks contain forward-looking statements, including statements about our future plans and potential future financial and operating performance. If you have not received the release, it is available on the Investor Relations page of our website, .ĭuring our call today, we will refer at times to adjusted or non-GAAP numbers and metrics. By now, everyone should have access to the press release that went out at about 4:00 Eastern Time today. At the end of the prepared remarks, we will open the call up for questions. Peter will provide an overview of our performance Brent will discuss revenue and Shannon will discuss cost and the balance sheet. We also have several other members of our management team in attendance for the Q&A.
Here with me in Honolulu are Peter Ingram, President and Chief Executive Officer Brent Overbeek, Chief Revenue Officer Shannon Okinaka, Chief Financial Officer. Hello, everyone, and welcome to Hawaiian Holdings first quarter 2022 results conference call. I will now turn the conference over to your host, Ashlee Kishimoto, Managing Director of Investor Relations. Welcome to Hawaiian Holdings Incorporated First Quarter 2022 Earnings Call. Shannon Okinaka – Chief Financial Officer Peter Ingram – President and Chief Executive Officer
( NASDAQ: HA) Q1 2022 Earnings Conference Call Ap4:30 PM ETĪshlee Kishimoto – Managing Director-Investor Relations