Hawaiian Holdings (HA) Tops Q4 EPS by 8c
Hawaiian Holdings (NASDAQ: HA) reported Q4 EPS of $0.99, $0.08 better than the analyst estimate of $0.91. Revenue for the quarter came in at $708.1 million versus the consensus estimate of $708.11 million.
First Quarter and Full Year 2020 Outlook
The table below summarizes the Company's expectations for the first quarter ending March 31, 2020 and the full year ending December 31, 2020 expressed as an expected percentage change compared to the results for the quarter ended March 31, 2019 or the year ended December 31, 2019, as applicable.
The Company expects its effective tax rate for the full year ending December 31, 2020 to be in the range of 26 percent to 28 percent.
Item | First Quarter 2020 Guidance | GAAP Equivalent | GAAP First Quarter 2020 Guidance | |||
ASMs | Up 7.5 - 10.5% | |||||
Operating revenue per ASM | Down 4.5 - 7.5% | |||||
Cost per ASM excluding fuel and non-recurring items (a) | Down 1.5 - 4.5% | Cost per ASM (a) | Down 1.8 - 4.3% | |||
Gallons of jet fuel consumed | Up 4.5 - 7.5% | |||||
Economic fuel cost per gallon (b)(c) | $1.97 | Fuel cost per gallon (b) | $1.93 | |||
Item | Full Year 2020 Guidance | GAAP Equivalent | GAAP Full Year 2020 Guidance | |||
ASMs | Up 5.5 - 8.5% | |||||
Cost per ASM excluding fuel and non-recurring items (a) | Up 0.5% - Down 2.5% | Cost per ASM (a) | Down 2.0 - 4.4% | |||
Gallons of jet fuel consumed | Up 2.5 - 5.5% | |||||
Economic fuel cost per gallon (b)(c) | $1.85 | Fuel cost per gallon (b) | $1.83 |
For earnings history and earnings-related data on Hawaiian Holdings (HA) click here.