Hawaiian Holdings (HA) Sept. RPMS Increases 8.7%, Capacity up 5%
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- After-Hours Stock Movers 12/08: (FNSR) (AVGO) (GLPG) Higher; (XTLY) (RH) (DLTH) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
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.
Revenue Passenger Miles; one paying passenger transported one mile
Available Seat Miles; one seat transported one mile
Load Factor; percentage of seating capacity filled
1 Includes the operations of contract carriers under capacity purchase agreements.
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).
Cost per ASM Excluding Fuel (cents)
Up 2% to up 5%
Up 3% to up 4%
Operating Revenue per ASM (cents)
Down 1% to up 2%
Up 0.5% to up 1.5%
Gallons of jet fuel consumed (millions)
Up 4% to up 6%
Up 5.5% to up 6.5%
Economic fuel cost per gallon
$1.50 to $1.60
$1.48 to $1.53
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Humana (HUM) Writes Corridor Receivables Off; Cites Affordable Care Act
- Layne Christensen (LAYN) Misses Q3 EPS by 6c
- Duluth Holdings Inc. (DLTH) Reports Q3 EPS of $0.01; Guides Below the Street
Create E-mail Alert Related CategoriesCorporate News, Guidance
Related EntitiesTwitter, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!