Fitch lowers Hawaiian Airlines

Fitch Ratings said it downgraded Hawaiian Airlines, Inc. and its parent company, Hawaiian Holdings, Inc. to B- from B+.

“The rating downgrade is driven by the severe impact that the coronavirus pandemic has had on air travel. The situation for Hawaiian is exacerbated in the near-term by Hawaiian's reliance on tourist travel to its home market and by travel restrictions in Hawaii, which require a 14-day quarantine for anyone arriving to the islands,” Fitch said in a press release.

Fitch said it placed the ratings on negative rating watch, reflecting the uncertainty around recovery in travel to the Hawaiian islands.

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