HONOLULU, Oct. 6, 2016 /PRNewswire/ -- Hawaiian Airlines,
Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), has announced its system-wide traffic statistics for the month of
September, third quarter and year-to-date. It also updated its expectations for certain third quarter metrics.
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SYSTEM-WIDE OPERATIONS1
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SEPTEMBER
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2016
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2015
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% CHANGE
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PAX
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883,315
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848,252
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4.1%
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RPMS (000)
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1,286,281
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1,182,794
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8.7%
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ASMS (000)
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1,512,928
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1,440,748
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5.0%
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LF
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85.0%
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82.1%
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2.9 pts.
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THIRD QUARTER
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2016
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2015
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% CHANGE
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PAX
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2,918,230
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2,832,572
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3.0%
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RPMS (000)
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4,170,671
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3,884,851
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7.4%
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ASMS (000)
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4,894,768
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4,663,198
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5.0%
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LF
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85.2%
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83.3%
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1.9 pts.
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YEAR-TO-DATE
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2016
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2015
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% CHANGE
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PAX
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8,321,114
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8,014,398
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3.8%
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RPMS (000)
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11,559,795
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10,822,970
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6.8%
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ASMS (000)
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13,813,955
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13,334,528
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3.6%
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LF
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83.7%
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81.2%
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2.5 pts.
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PAX
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Passengers transported
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RPM
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Revenue Passenger Miles; one paying passenger transported one
mile
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ASM
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Available Seat Miles; one seat transported one mile
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LF
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Load Factor; percentage of seating capacity filled
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1 Includes the operations of contract carriers under
capacity purchase agreements.
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Third Quarter 2016 Outlook
The Company has revised its expectations for the quarter ending September 30, 2016 provided
previously in its Second Quarter 2016 Earnings Release on July 21, 2016.
Specifically, the Company expects its operating revenue per available seat mile to be at the favorable end of the prior
guidance range.
The table below summarizes the Company's revised expectations for the quarter ending September 30,
2016, expressed as an expected change compared to the results for the quarter ended September 30,
2015 (the results for which are presented for reference).
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Third Quarter
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Item
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2015
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Prior Guidance
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Revised Guidance
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Cost per ASM Excluding Fuel (cents)
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7.97
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Up 2% to up 5%
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Up 3% to up 4%
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Operating Revenue per ASM (cents)
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13.55
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Down 1% to up 2%
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Up 0.5% to up 1.5%
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Gallons of jet fuel consumed (millions)
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61.2
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Up 4% to up 6%
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Up 5.5% to up 6.5%
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Economic fuel cost per gallon
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$
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1.95
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$1.50 to $1.60
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$1.48 to $1.53
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The Company believes that economic fuel expense is the best measure of the effect of fuel prices on the business as it most
closely approximates the net cash outflow associated with the purchase of fuel for operations in a period and is consistent with
how management manages the business and assesses operating performance. The Company defines economic fuel expense as raw fuel
expense plus (gains)/losses realized through actual cash payments to/(receipts from) hedge counterparties for fuel hedge
derivatives settled in the period inclusive of costs related to hedging premiums.
Safe Harbor Statement
This investor update contains forward-looking statements that reflect the Company's current views with respect to certain
current and future events and financial performance including but not limited to statements regarding the Company's operating
revenue per available seat mile, cost per available seat mile excluding fuel, gallons of jet fuel consumed and economic fuel cost
per gallon, each for the quarter ending September 30, 2016. These forward-looking statements
are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and
business environment which may cause the Company's actual results for the quarter ending September 30,
2016 to be materially different from any expected results, expressed or implied, in these forward-looking
statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect
events or circumstances that may arise after the date hereof even if experience or future changes make it clear that any
projected results expressed or implied herein will not be realized. Additional information on risk factors that could
potentially affect the Company's operations and financial results may be found in the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2015, and subsequent filings with the Securities Exchange
Commission.
About Hawaiian Airlines
Hawaiian® has led all U.S. carriers in on-time performance for each of the past 12 years (2004-2015) as reported by the U.S.
Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and Zagat have all
ranked Hawaiian the highest of all domestic airlines serving Hawai'i.
Now in its 87th year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline, as well as the largest
provider of passenger air service from its primary visitor markets on the U.S. Mainland. Hawaiian offers non-stop service to
Hawai'i from more U.S. gateway cities (11) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and
Tahiti. Hawaiian also provides approximately 160 jet flights daily between the Hawaiian Islands, with a total of more than 200
daily flights system-wide.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at
HawaiianAirlines.com. Follow updates on Twitter
about Hawaiian (@HawaiianAir) and its special fare offers (@HawaiianFares), and become a fan on its Facebook page (Hawaiian Airlines).
For media inquiries, please visit Hawaiian Airlines' online newsroom.
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SOURCE Hawaiian Airlines