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Hawaiian Holdings(HA) - 2024 Q1 - Quarterly Results
2024-04-23 20:01
Exhibit 99.1 NEWS FOR IMMEDIATE RELEASE Tuesday, April 23, 2024 INVESTOR RELATIONS CONTACT: Jay Schaefer - (808) 838-6751 Investor.Relations@HawaiianAir.com MEDIA RELATIONS CONTACT: Alex Da Silva - (808) 835-3712 News@HawaiianAir.com Hawaiian Holdings Reports 2024 First Quarter Financial Results HONOLULU — April 23, 2024 — Hawaiian Holdings, Inc. (NASDAQ: HA) (the "Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), today reported its financial results for the first quarter of 2024. "Mahalo t ...
Hawaiian Holdings Announces 2024 First Quarter Financial Results Conference Call
Prnewswire· 2024-04-09 20:01
HONOLULU, April 9, 2024 /PRNewswire/ -- Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), plans to report its 2024 first quarter financial results after the market closes on Tuesday, April 23, 2024.  An investor conference call is scheduled for 4:30 p.m. Eastern Time (10:30 a.m. HST) that day. The call will be open to all interested investors through a live audio webcast accessible in the Investor Relations section of Hawaiian's website at HawaiianAirlines.com. Fo ...
Why Is Hawaiian Holdings (HA) Down 2.1% Since Last Earnings Report?
Zacks Investment Research· 2024-02-29 17:36
It has been about a month since the last earnings report for Hawaiian Holdings (HA) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Hawaiian Holdings due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Wider-Than-Expected Loss in Q4Hawaii ...
Hawaiian Holdings(HA) - 2023 Q4 - Annual Report
2024-02-14 16:00
Table of Contents, UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-31443 HAWAIIAN HOLDINGS INC (Exact name of registrant as specified in its charter) Delaware 71-0879698 (State or Other Jurisdic ...
Hawaiian Airlines debuts free inflight Wi-Fi from SpaceX's Starlink
CNBC· 2024-02-08 21:38
Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX's Starlink on board commercial flights this week, the companies told CNBC, the first major U.S. airline to offer the satellite-based service."SpaceX has really cracked the code – literally, in terms of the technology – to be able to deliver a wide bandwidth of very high quality connectivity to an airplane with a global reach," Peter Ingram, Hawaiian Airlines CEO, told CNBC.Hawaiian's plan for complimentary Wi-Fi comes as airlines ramp up their ...
Hawaiian Holdings (HA) Reports Wider-Than-Expected Loss in Q4
Zacks Investment Research· 2024-01-31 16:21
Hawaiian Holdings (HA) posted fourth-quarter 2023 loss (excluding 41 cents from non-recurring items) of $2.37 per share, wider than the Zacks Consensus Estimate of a loss of $2.35. In the year-ago quarter HA posted a loss of $1.06.Quarterly revenues of $669.1 million fell 8.5% year over year but met the Zacks Consensus Estimate. Quarterly revenues were hurt by a devastating wildfire in Lahaina in West Maui, which, in turn, affected traffic.Notably, passenger revenues accounted for 89.9% of the top line in f ...
Hawaiian Holdings(HA) - 2023 Q4 - Earnings Call Transcript
2024-01-31 02:59
Financial Data and Key Metrics Changes - Total revenue for 2023 increased year-over-year despite challenges, with a notable recovery in non-Maui domestic markets and international travel to Hawaii [11][12] - In Q4, system RASM decreased approximately 11% year-over-year, with total revenue down about 8% compared to the same period in 2022 [18][19] - Adjusted EBITDA loss for Q4 was $98 million, with a full-year adjusted EBITDA loss of $169 million [27][28] Business Line Data and Key Metrics Changes - Revenue performance from non-Maui routes remained solid, while international markets outside Japan performed well despite unfavorable exchange rates [12][21] - Neighbor Island routes saw an increase in average fare, reaching $60 in December, the highest in 16 months, with a significant lead over Southwest in load factor and PRASM [20][21] - Japan point-of-sale bookings finished 2023 at around 50% of 2019 levels, with expectations for gradual recovery [21][22] Market Data and Key Metrics Changes - The U.S. Mainland to Hawaii network experienced a decline in PRASM by 16% year-over-year due to reduced demand and fare declines following the Maui wildfires [19][20] - Japan's fourth-quarter industry capacity was over 90% of 2019 levels, but load factors declined due to increased capacity [21][22] - The company anticipates continued improvements in Maui and Japan markets in 2024, with a more favorable comparable period for the first quarter [24][26] Company Strategy and Development Direction - The company is focused on delivering industry-leading operational performance, enhancing guest experience, and achieving long-term financial sustainability [10][16] - A merger with Alaska Airlines was announced, aiming to create a single airline with two distinct brands, which management believes is pro-consumer and pro-competitive [9][10] - Investments in technology and fleet, including the introduction of the 787 aircraft, are expected to enhance operational performance and profitability [14][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to consistent profitability in 2024 as investments begin to yield results [15][27] - The company faced significant external pressures in 2023, including engine supply issues and the impact of the Maui wildfires, but is optimistic about moving into a period of stability [13][15] - Management highlighted the importance of addressing challenges in the Japan market while remaining committed to its recovery [22][66] Other Important Information - The company maintains a strong liquidity position of $1.1 billion, which includes a $235 million undrawn revolver [28] - Capital expenditures for 2024 are expected to be between $500 million and $550 million, primarily for aircraft deliveries [28][29] Q&A Session Summary Question: Can you provide additional context on the Haneda slot decision? - Management explained that the decision was based on the unique situation of the midnight flight not benefiting from connectivity, compounded by hotel inflation and the weaker Yen [34][36] Question: What is the capacity outlook for 2024? - Management indicated that capacity growth is expected to be neutral to slightly positive in Q2, with a focus on North America [38][39] Question: How has the interisland average fare trended into the first quarter? - Management reported continued good progress in average fare, with expectations for improvements to continue [41][42] Question: What is the status of the Amazon business? - Currently operating one aircraft, with plans to ramp up to six by the end of the year, expected to contribute positively by late 2024 or early 2025 [46][47] Question: What efficiency metrics are being focused on? - Management highlighted the importance of productive block hours relative to paid hours, with expectations for improvements as training levels normalize [56][58] Question: Is Hawaiian shifting to the cloud? - Management confirmed ongoing efforts to modernize technology, including moving to cloud-based applications as systems evolve [60][61] Question: How will the company address potential slower recovery in Japan? - Management indicated a focus on increasing traffic to other international markets and leveraging U.S. point-of-sale traffic to offset any slower recovery in Japan [66][67]
Compared to Estimates, Hawaiian Holdings (HA) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-01-31 00:01
Hawaiian Holdings (HA) reported $669.07 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 8.5%. EPS of -$2.37 for the same period compares to -$0.49 a year ago.The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $669.22 million. With the consensus EPS estimate being -$2.35, the EPS surprise was -0.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...
Hawaiian Holdings (HA) Reports Q4 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-01-30 23:11
Hawaiian Holdings (HA) came out with a quarterly loss of $2.37 per share versus the Zacks Consensus Estimate of a loss of $2.35. This compares to loss of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.85%. A quarter ago, it was expected that this parent company of Hawaiian Airlines would post a loss of $0.76 per share when it actually produced a loss of $1.06, delivering a surprise of -39.47%.Over the last four quart ...
Hawaiian Airlines Boosts Summer Schedule
Prnewswire· 2024-01-22 18:00
Seasonal service additions between Honolulu and Austin, Boston, Las Vegas, Los Angeles and Pago Pago HONOLULU, Jan. 22, 2024 /PRNewswire/ -- Hawaiian Airlines, Hawaiʻi's hometown airline, is preparing for strong summer travel demand to and from Hawaiʻi by increasing flights between Honolulu (HNL) and Austin (AUS), Boston (BOS), Las Vegas (LAS) and Pago Pago (PPG). The airline will also add a fourth daily flight between HNL and Los Angeles (LAX) from May 24 through Sept. 2. "Travelers will enjoy more option ...