Hawaiian Holdings (HA) Tops Q1 EPS by 4c, Offers Outlook
Hawaiian Holdings (NASDAQ: HA) reported Q1 EPS of $0.80, $0.04 better than the analyst estimate of $0.76. Revenue for the quarter came in at $551.2 million versus the consensus estimate of $558.23 million.
Second Quarter and Full Year 2016 Outlook
The table below summarizes the Company's expectations for the second quarter ending June 30, 2016 and full year ending December 31, 2016, expressed as an expected percentage change compared to the results for the quarter ended June 30, 2015 and full year ended December 31, 2015, as applicable (the historical results for which are presented for reference).
Second Quarter | ||||||
Item | 2015 | Second Quarter 2016 Guidance | ||||
Cost per ASM Excluding Fuel (cents) | 8.27 | Up 3.5% to up 6.5% | ||||
Operating Revenue Per ASM (cents) | 12.86 | Down 1.5% to up 1.5% | ||||
ASMs (millions) | 4,441.6 | Up 1.5% to up 3.5% | ||||
Gallons of jet fuel consumed (millions) | 58.0 | Up 1% to up 3% | ||||
Economic fuel cost per gallon (a) | $ | 2.23 | $1.50 to $1.60 | |||
Full Year | ||||||
Item | 2015 | Full Year 2016 Guidance | ||||
Cost per ASM Excluding Fuel (cents) | 8.31 | Up in the low single digit range | ||||
ASMs (millions) | 17,726.3 | Up 2.5% to up 5.5% | ||||
Gallons of jet fuel consumed (millions) | 234.2 | Up 1.5% to up 4.5% | ||||
Economic fuel cost per gallon (a) | $ | 2.04 | $1.45 to $1.55 | |||
For earnings history and earnings-related data on Hawaiian Holdings (HA) click here.