Couple of experts here, clearly.

Hawaii is a multi layered deal. Even if the flights themselves break even, that whole node of the network is a magnet for the biggest money maker of them all, which is a branded credit card and the associated points.

At this point, they would have cut and run if it was a loser or at least pulled back significantly. The load factors are going to be awful when you fly 175 seat airplanes inter-island. Inter-island loses money so that the rest of it can make money. It was the key that caused the red carpet to get rolled out. Once redeyes come online, (allegedly early 25) I suspect that there will be a lot less aircraft overnighting there.

As for HA and AS, yeah, that's going to clearly change the game. I am interested to see how it all shakes out.