Hawaiian Holdings (HA) Misses Q4 EPS by 1c
Hawaiian Holdings (NASDAQ: HA) reported Q4 EPS of $1.00, $0.01 worse than the analyst estimate of $1.01. Revenue for the quarter came in at $697.5 million versus the consensus estimate of $695.57 million.
GUIDANCE:
First Quarter and Full Year 2019 Outlook
The table below summarizes the Company's expectations for the first quarter ending March 31, 2019 and the full year ending December 31, 2019 expressed as an expected percentage change compared to the results for the quarter ended March 31, 2018 or the year ended December 31, 2018, as applicable.
The Company expects its effective tax rate for the full year ending December 31, 2019 to be in the range of 25 percent to 27 percent.
Item | First Quarter 2019 Guidance | GAAP Equivalent | GAAP First Quarter 2019 Guidance | |||
ASMs | Up 1.5 - 3.0% | |||||
Operating revenue per ASM | Down 3.0 - 6.0% | |||||
Cost per ASM excluding fuel (a) | Up 1.0 - 4.0% | Cost per ASM (a) | Down 3.8 - 7.1% | |||
Gallons of jet fuel consumed | Down 0.5 - 2.5% | |||||
Economic fuel cost per gallon (b)(c) | $1.95 - $2.05 | Fuel cost per gallon (b) | $1.91 - $2.01 | |||
Item | Full Year 2019 Guidance | GAAP Equivalent | GAAP Full Year 2019 Guidance | |||
ASMs | Up 1.5 - 4.5% | |||||
Cost per ASM excluding fuel (a) | Flat - Up 3.0% | Cost per ASM (a) | Down 1.7 - 5.0% | |||
Gallons of jet fuel consumed | Down 2.0% - Up 1.0% | |||||
Economic fuel cost per gallon (b)(c) | $1.95 - $2.05 | Fuel cost per gallon (b) | $1.92 - $2.03 |
For earnings history and earnings-related data on Hawaiian Holdings (HA) click here.