Hawaiian Holdings (HA) Tops Q1 EPS by 19c
Hawaiian Holdings (NASDAQ: HA) reported Q1 EPS of $1.04, $0.19 better than the analyst estimate of $0.85. Revenue for the quarter came in at $614.19 million versus the consensus estimate of $610.72 million.
"The year has started extremely well,\" said Mark Dunkerley, Hawaiian Airlines president and CEO. \"Strong demand coupled with benign industry capacity growth in our geographies have given us a robust operating environment sufficient to more than offset the impact of the rising price of fuel. Beyond the financial numbers, the company continues to perform well thanks to the hard work of my 6,500 colleagues. We are looking forward to the months ahead."
Second Quarter and Full Year 2017 Outlook
The table below summarizes the Company's expectations for the second quarter ending June 30, 2017 and full year ending December 31, 2017, expressed as an expected percentage change compared to the results for the quarter ended June 30, 2016 and full year ended December 31, 2016, as applicable.
The Company is raising its guidance range for available seat miles (ASMs) and gallons of jet fuel to be consumed for the full year ending December 31, 2017 due to planned increases in flying and higher than expected payload increases from cargo and passengers.
Item | Second Quarter2017 Guidance | GAAP Equivalent | Second Quarter2017 Guidance | |||
Cost per ASM Excluding Fuel (a) | Up 4.5% to up 7.5% | Cost per ASM (a) | Up 8% to up 11% | |||
Operating Revenue Per ASM | Up 5.5% to up 8.5% | |||||
ASMs | Up 3% to up 5% | |||||
Gallons of jet fuel consumed | Up 6.5% to up 8.5% | |||||
Economic fuel cost per gallon (b)(c) | $1.65 to $1.75 | Fuel cost per gallon (b) | $1.65 to $1.75 | |||
Item | Full Year2017 Guidance | GAAP Equivalent | Full Year2017 Guidance | |||
Cost per ASM Excluding Fuel and Special Items (a) | Up in mid-single digitrange | Cost per ASM (a) | Up in high single digitrange | |||
ASMs | Up 2% to up 5% | |||||
Gallons of jet fuel consumed | Up 4.5% to up 7.5% | |||||
Economic fuel cost per gallon (b)(c) | $1.75 to $1.85 | Fuel cost per gallon (b) | $1.77 to $1.87 |
For earnings history and earnings-related data on Hawaiian Holdings (HA) click here.