Boliviana de Aviacion-BoA Airbus A330-243 N1452X (msn 1452) SBD (Michael B. Ing). Image: 960090.
Boliviana de Aviación-BoA has introduced a new livery with its first Airbus A320-200. The new livery features native art on the tail.
The current BoA logo is being retained in the new livery
Copyright Photo: Michael B. Ing.
The Bolivian flag carrier is adding two Airbus A330-200s to replace its Boeing 767-300s on its long-range routes, especially Miami.
The pictured N1452X (top) was formerly operated by Virgin Australia as VH-XFH. The airliner is being leased from Avolon and is expected to take on a CP- registration on delivery.
Top Copyright Photo: Boliviana de Aviacion-BoA Airbus A330-243 N1452X (msn 1452) SBD (Michael B. Ing). Image: 960090.
BoA – Boliviana de Aviación aircraft photo gallery:
TAP’s popular Portugal Stopover program has been improved with more benefits to provide customers even more opportunities to explore Portugal before heading to their final destination. With the expanded program customers can now choose to stopover on their return home.
TAP customers can add Portugal to their trip with a free stopover of up to 10 days, with exclusive offers and discounts with over 290 participating partners that will help make their visit unforgettable. Offers and specials include hotels, restaurants, shopping centers, museums and countless activities, that have been organized in partnership with Visit Portugal. From discounts on surfing in areas such as Peniche to wine cellar tours in Lisbon to offers to play at exclusive golf courses, TAP’s Stopover program truly offers something for everyone.
An additional benefit allows customers to visit a second destination in Portugal at a 25% discount on air fare, allowing visitors to dig even deeper into the country’s culture with visits to regions such as Porto and the North, the Algarve or Madeira and the Azores.
The Portugal Stopover program is available for all markets in which TAP operates, though was designed with TAP’s key long-haul markets of North America and Brazil in mind. With direct flights from Boston, Chicago, Miami, New York, San Francisco and Washington in the US and Toronto and Montreal from Canada, TAP customers can fly to more than 65 destinations in Europe, the Middle East and Africa, with a Lisbon or Porto, or additional Portugal destination experience along the way. You can find out about the new Portugal Stopover campaign here.
The Portugal Stopover program, launched in July 2016, allows customers whose final destination is not Lisbon or Porto, but who make a stopover in one of these cities, to enjoy, on the outward or return leg, a stopover in Portugal – which can now be up to ten nights – at no additional cost in the fare.
Video:
Top Copyright Photo: TAP Portugal – Air Portugal Airbus A330-343 CS-TOX (msn 1015) LIS (Ton Jochems). Image: 960028.
The first transAtlantic flights on Condor’s new Airbus A330neo begin this month with nonstop New York-JFK to Frankfurt service launching on February 13 followed by nonstop Seattle/Tacoma to Frankfurt service on February 16.
Top Copyright Photo: Condor Flugdienst Airbus A330-941 F-WWCX (D-ANRA) (msn 1966) (Condor Island) TLS (Eurospot). Image: 959502.
Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., reported its financial results for the fourth quarter and full year 2022.
“A heartfelt mahalo to our team as they tirelessly worked through a year in which we had multiple projects in motion that make us a stronger, better airline,” said Hawaiian Airlines President and CEO Peter Ingram. “I am incredibly proud of what our team members do to care for our company, our guests and each other. We saw continued strong demand in our domestic markets and recovery in our international markets illustrating that Hawaiʻi is a top destination and we are the carrier of choice. I am excited to see what we can accomplish in 2023 as we continue to build a solid foundation for our future.”
Fourth Quarter 2022 – Key Financial Metrics and Results
GAAP
Yo3Y Change
Adjusted (a)
Yo3Y Change
Net Loss
($50.2M)
($99.9M)
($24.7M)
($70.6M)
Diluted EPS
($0.98)
($2.05)
($0.49)
($1.49)
Pre-tax Margin
(8.6) %
(18.2) pts.
(4.3) %
(13.2) pts.
EBITDA
($6.1M)
($120.3M)
$25.6M
($83.4M)
Operating Cost per ASM
15.46¢
3.30¢
10.89¢
1.35¢
Full Year 2022 – Key Financial Metrics and Results
GAAP
Yo3Y Change
Adjusted (a)
Yo3Y Change
Net Loss
($240.1M)
($464.1M)
($210.5M)
($429.3M)
Diluted EPS
($4.67)
($9.38)
($4.08)
($8.68)
Pre-tax Margin
(11.1) %
(21.9) pts.
(10.0) %
(20.5) pts.
EBITDA
($61.9M)
($553.6M)
($31.0M)
($515.8M)
Operating Cost per ASM
15.26¢
3.10¢
10.78¢
1.24¢
(a) See Table 4 for a reconciliation of adjusted net loss, adjusted diluted EPS, adjusted pre-tax margin, adjusted EBITDA, and adjusted operating cost per ASM (CASM excluding fuel and non-recurring items) to each of their respective most directly comparable GAAP financial measure.
Statistical data, as well as a reconciliation of the reported non-GAAP financial measures, can be found in the accompanying tables.
Liquidity and Capital Resources
As of December 31, 2022 the Company had:
Unrestricted cash, cash equivalents and short-term investments of $1.4 billion
Outstanding debt and finance lease obligations of $1.7 billion
Air traffic liability of $590.8 million
Liquidity of $1.6 billion, including an undrawn revolving credit facility of $235 million
Revenue Environment
The strength of the leisure market was evident as Hawaiian saw robust demand in its U.S. Mainland to Hawaiʻi routes and international routes excluding Japan. Demand remained strong for premium products and there was positive momentum in sales of its Extra Comfort product and newer preferred seat option. The Company’s overall operating revenue for the fourth quarter 2022 was up 3.2% compared to the fourth quarter 2019 on 6% lower capacity. The Company’s overall operating revenue for 2022 was down 6.7% from 2019 on 9.3% lower capacity as the impacts of Omicron were experienced industry wide in most of the first quarter.
Other revenue for fourth quarter 2022 was up 35.1% compared to the same period in 2019 and for the full year 2022 up 30.4% compared to 2019 driven by cargo revenue and sales of HawaiianMiles.
2022 Highlights
Routes and scheduled services
Operated at 91% of its 2019 capacity, comprised of 115%, 79%, and 44% capacity on its North America, Neighbor Island, and International routes, respectively
Resumed international flights, between Honolulu, Hawaiʻi and Auckland, New Zealand, and Honolulu, Hawaiʻi and Tokyo Haneda Airport
Signed agreement with Amazon to operate and maintain an initial fleet of 10 Airbus A330-300 freighters to move cargo between airports near Amazon’s distribution facilities starting in the fall of 2023
Announced a new nonstop flight between Honolulu and Rarotonga, Cook Islands, which will launch in May 2023, providing travelers from Hawaiian’s 15 U.S. Mainland gateway cities convenient one-stop connection to the Cook Islands
Guest experience
Announced agreement with Starlink to provide complimentary industry leading satellite internet connectivity to every guest onboard flights between Hawaiʻi and the continental U.S., Asia, and Oceania starting in 2023
Introduced the benefit of two free checked bags for primary cardmembers who purchase their tickets directly with the Company in partnership with Barclays, its co-brand credit card issuer
Established a new interline agreement with Mokulele to facilitate travel bookings and connections for passengers connecting from Mokulele-served airports to any Hawaiian Airlines destination worldwide in a single transaction
Boeing 787=9 Dreamliner
Fleet and financing
Entered into an agreement with Boeing to purchase 2 additional Boeing 787-9 aircraft, bringing the Company’s total order to 12 aircraft, the first of which is scheduled for delivery in the fourth quarter of 2023
Amended and extended $235 million revolving credit facility that matures in December 2025
Repurchased the remaining $62.4 million of outstanding Series-2020-1A and Series-2020-1B Equipment Notes
Top Copyright Photo: Hawaiian Airlines Airbus A330-243 N384HA (msn 1259) LAX (Michael B. Ing). Image: 960007.
