All articles tagged with #q1 losses
ZIM Integrated Shipping Services will not pay a dividend to shareholders due to a net loss recorded in Q1 2023, with the company's dividend policy remaining unchanged. The company reported lower than expected results for Q1, with revenue declining 63% YoY and adjusted EBITDA falling 85% YoY, resulting in a net loss of $58M.
ZIM Integrated Shipping Services will not pay a dividend to shareholders due to a net loss recorded in Q1 2023, with the company's dividend policy remaining unchanged. The company reported lower than expected results for Q1, with revenue declining 63% YoY and adjusted EBITDA falling 85% YoY, resulting in a net loss of $58M.
Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, reported a Q1 loss of $98.3 million, but CEO Peter Ingram said the carrier's investment in technology and other projects underway this year have positioned it for a "bright future." The company's Q1 losses surpassed Wall Street expectations, and revenue of $612.6 million beat Street forecasts. Ingram said the demand for leisure travel remains strong in the domestic markets they serve, and they see similar conditions in most of their international markets.