SAN FRANCISCO, CA - JUNE 21: Alaska and Hawaiian Airlines planes takeoff at the same time from San ... [+] Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)Anadolu Agency via Getty ImagesAlaska Airlines and Hawaiian Airlines have jointly filed two critical applications with the U.S. Department of Transportation in anticipation of the transaction completing their planned merger.In one filing, the airlin ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Hawaiian Holdings despite an increase in revenues, with the actual results being crucial for stock price movement [1] Financial Expectations - Hawaiian Holdings is expected to report a quarterly loss of $1.30 per share, reflecting a year-over-year change of -176.6% [2] - Revenues are projected to be $749.3 million, which is a 6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [2] - The Most Accurate Estimate for Hawaiian Holdings is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -22.31%, suggesting a bearish sentiment among analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a strong Zacks Rank [4] - Hawaiian Holdings currently holds a Zacks Rank of 3, making it difficult to predict an earnings beat conclusively [6] Historical Performance - In the last reported quarter, Hawaiian Holdings was expected to post a loss of $2.75 per share but actually reported a loss of $2.77, resulting in a surprise of -0.73% [7] - Over the past four quarters, the company has only beaten consensus EPS estimates once [7] Conclusion - While an earnings beat or miss can influence stock movement, other factors also play a significant role [8] - Hawaiian Holdings does not appear to be a compelling candidate for an earnings beat, and investors should consider additional factors before making investment decisions [8]

Core Viewpoint - Hawaiian Holdings (HA) is experiencing healthy demand but faces challenges due to rising operating expenses and weak liquidity [1] Group 1: Demand and Expansion - The increase in air travel demand is favorable for Hawaiian Holdings, with scheduled airline traffic up 5.9% year-over-year in Q1 2024 [2] - Scheduled capacity rose by 2.7% year-over-year, and passenger load factor improved by 2.4 percentage points to 80.6% [2] - For Q2 2024, the company anticipates a 3.5%-6.5% year-over-year increase in available seat miles (ASM) and a full-year expectation of 4.5%-7.5% improvement [2] - Hawaiian Holdings has initiated Boeing 787-9 Dreamliner service, expected to double premium seating on key routes while keeping operating costs competitive [2] - New flight routes have been announced from Salt Lake City to Honolulu and from Sacramento to Lihu'e and Kona [2] Group 2: Merger and Financial Outlook - The upcoming merger with Alaska Air Group (ALK) involves Alaska acquiring Hawaiian for $18.00 per share, with a total transaction value of approximately $1.9 billion [3] - This merger is projected to enhance Hawaiian's business execution, liquidity, and debt management capabilities [3] Group 3: Stock Performance - Shares of Hawaiian Holdings have increased by 24% over the past year, contrasting with a 1.5% decline in the industry [5] Group 4: Risks and Challenges - Rising fuel costs are negatively impacting Hawaiian Holdings, with anticipated fuel prices of $2.85 per gallon for Q2 2024 and $2.83 for the full year [6] - Elevated labor expenses are pushing operating costs higher, with an expected increase of 5-8% in costs per available seat mile (excluding fuel and non-recurring items) for Q2 2024 compared to Q2 2023 [6] - The company reported a current ratio of 0.89 at the end of Q1 2024, indicating liquidity concerns as it suggests insufficient cash to meet debt obligations [6]

Hawaiian Holdings (HA) shares rallied 6.1% in the last trading session to close at $13.80. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.2% loss over the past four weeks.Shares of Hawaiian Holdings have been gaining over the last few trading days as investors await the U.S. Department of Justice's (“DOJ”) decision on HA's planned merger with Alaska Air (ALK) .This parent company of Hawaiian Airlines is ex ...

HONOLULU, June 24, 2024 /PRNewswire/ -- Hawaiian Airlines, Inc. (the "Company") today announced that Hawaiian Brand Intellectual Property, Ltd. (the "Brand Issuer"), an exempted company incorporated with limited liability under the laws of the Cayman Islands and an indirect wholly owned subsidiary of the Company, and HawaiianMiles Loyalty, Ltd. (the "Loyalty Issuer", and, together with the Brand Issuer, the "Issuers" and each, an "Issuer"), have commenced an offer to exchange (the "Exchange Offer") any and ...

HONOLULU, June 03, 2024 (GLOBE NEWSWIRE) -- Hele Kamaʻaina Rewards members are winning at the pump and in the skies this summer! Hele app users not only save $0.25 per gallon every day, but they also have the chance to win round-trip airfare to Tokyo. Hele convenience stores are part of the Par Pacific Holdings, Inc. retail organization. From June 1 to August 31, 2024, customers with the Hele app can enter the “Hele Tokyo Flyaway” sweepstakes for a chance to win 220,000 HawaiianMiles, enough for a round-tri ...

It has been about a month since the last earnings report for Hawaiian Holdings (HA) . Shares have added about 8.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Hawaiian Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wider-Than-Expected Loss in Q1Hawai ...

HONOLULU, May 2, 2024 /PRNewswire/ -- Hawaiian Airlines today published its annual Corporate Kuleana (Responsibility) Report highlighting Environmental, Social and Governance (ESG) initiatives to fly and grow more sustainably. Hawaiian continues to work toward its goal of achieving net-zero carbon emissions by 2050 through investments in sustainable aviation fuel (SAF) and fleet modernization. Last month, the carrier inaugurated service with its first fuel-efficient Boeing 787-9 aircraft and received the se ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |----------------------------------------------------------------|----------------------------------------------------------------------| | | | | Commis ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA loss of $116 million for Q1 2024, equating to an adjusted loss of $2.77 per share, which includes a $0.32 per share impact due to a change in the effective tax rate [19][20][22] - Total revenue increased by 5.4% year-over-year, with a 2.7% increase in capacity compared to the same period in 2023 [14][18] - System RASM (Revenue per Available Seat Mile) was up 2.6% year-over-year for the first quarter, exceeding guidance [14] Business Line Data and Key Metrics Changes - The North America market performed well, benefiting from accommodating passengers affected by the MAX 9 grounding and the timing of Easter, which increased traffic in Q1 [14][15] - Japan's demand recovery has flattened, impacted by high lodging rates in Hawaii, although U.S. point-of-sale demand has backfilled some of the gap [15] - Neighbor Island routes saw strong close-in demand and improving yields, marking the strongest unit revenue improvement since the reopening of travel without COVID-19 restrictions [15] Market Data and Key Metrics Changes - The company noted a 28-point load factor differential compared to competitors, with PRASM (Passenger Revenue per Available Seat Mile) roughly twice that of competitors in Q4 2023 [16] - Advanced bookings for summer are in good shape relative to pre-pandemic levels, although there is some headwind in international markets like Australia and New Zealand [60] Company Strategy and Development Direction - The company is focused on returning to profitability through investments in fleet expansion, including the introduction of the 787 aircraft and the completion of Starlink in-flight connectivity installations [10][12][21] - The pending merger with Alaska Airlines is progressing, with shareholder approval received and ongoing compliance efforts with the Department of Justice [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the steps being taken to return to profitability, highlighting improvements in operational metrics and demand across various markets [22][54] - The company is optimistic about the performance of the new 787 aircraft, which is expected to enhance premium revenue opportunities [38][60] Other Important Information - The effective tax rate was reduced from 21% to 10%, significantly impacting financial results for the quarter [20] - The company plans to have seven freighters operational by the end of the year, with ongoing evaluations of the Amazon operation's financial impact [32][34] Q&A Session Summary Question: Impact on RASM forecast and competitive landscape - Management noted that increased international capacity and challenges in the Japan market could create a more competitive environment [25] Question: Hiring needs and capacity plan fulfillment - The company is hiring at a slower pace than in previous years, with staffing levels currently in good shape to meet operational needs [28] Question: Treatment of freighter operations in unit costs - The company plans to have seven freighters operational by year-end, with current costs being integrated into CASM [32] Question: Premium product monetization with the 787 - The 787 is expected to enhance premium revenue opportunities, with a significant increase in premium cabin seats compared to the A330 [38] Question: Summer bookings and international market performance - Advanced bookings for summer are strong, although some international markets are experiencing headwinds [60] Question: Cadence of 787 deliveries and production rates - The company expects to receive a third 787 by the end of the year, but acknowledges potential delays due to supply chain challenges [62]