Hawaiian Airlines (Honolulu) will add a new Airbus A321neo connecting its Honolulu hib with Long Beach, CA. The new route will commence on May 31, 2018 per Airline Route.
Top Copyright Photo (call others by Hawaiian):ย Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940200.
Hawaiian Airlines aircraft slide show:
Route Map:
Hawaiian Holdings, Inc., the parent of Hawaiian Airlines, has agreed to purchase the AOC and other assets of bankrupt Island Air for $750,000.
According to Honoluu Star Advertiser, the decision to acquire the AOC will allow ‘Ohana for Hawaiian to become a stand alone airline subsidiary. Curently, the three ‘Ohana ATR 42-500s are operated under contract by Empire Airlines.
โOhana by Hawaiian flights are operated by Empire Airlines and fly between:
The ‘Ohana turboprop aircraft features a livery designed by Hilo-based artist Sig Zane and his son Kลซha’o.
The aircraft are named after a significant wind on each of the islands that `Ohana by Hawaiian serves:ย Holo Kaomi of Paomaสปi, Lฤna’i; Kaiฤulu of Wai’anae, O’ahu; and Hikipua of Hฤlawa, Moloka’i.
Copyright Photo:ย Ohana by Hawaiian-Empire Airlines ATR 42-500 N804HC (msn 623) HNL (Ivan K. Nishimura). Image: 922268.
Route Map:
Video:
Hawaiian Airlines is adding additional service to the San Francsico Bay for the next summer season.
The carrier will add a second daily flight on the Honolulu – San Francisco with the new Airbus A321neo starting on May 25, 2018 per Airline Route.
The airline is also starting Kona – Oakland service starting on May 26, 2018 also operated by the new Airbus A321neo.
The first Airbus A321neo was at Los Angeles on December 6, 2017 on a route proving flight (pictured). A321 service to the Mainland starts in 2018.
In other news, Hawaiian is adding a second daily flight on the Honolulu – Tokyo (Narita) route commencing on August 1, 2018.
Copyright Photo:ย Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940198.
Hawaiian Airlines will launch daily nonstop service between San Diego International Airport (SAN) and Mauiโs Kahului Airport (OGG) on May 1, 2018 with new Airbus A321neo aircraft. Hawaiโiโs flagship carrier also announced the addition of four daily summer flights in 2018, including its first international seasonal service, between Narita (NRT) and Honolulu (HNL).
Hawaiian will deploy its new narrow-body aircraft on nonstop summer flights between San Francisco (SFO) and Honolulu (HNL), and Oakland (OAK) and Kona (KOA) on the Island of Hawaiโi. The airline will also add summer flights between Los Angeles (LAX)-OGG and NRT-HNL, supplementing existing daily service on each route with A330 wide-body aircraft featuring Premium Cabin lie-flat seating and more Extra Comfort seats.
SAN DIEGO (SAN)-KAHULUI (OGG)
|
Flight |
Route |
Departs |
Arrives |
Start Date |
|
HA37 |
SAN-OGG |
8:15 a.m. |
11:15 a.m. |
May 1, 2018 |
|
HA 38 |
OGG-SAN |
12:50 p.m. |
9:10 p.m. |
SAN FRANCISCO (SFO)-HONOLULU (HNL)
|
Flight |
Route |
Departs |
Arrives |
Start Date |
End Date |
|
HA 53 |
SFO-HNL |
8:00 a.m. |
10:35 a.m. |
May 26, 2018 |
July 31, 2018 |
|
HA 54 |
HNL-SFO |
9:50 p.m. |
6:00 a.m. |
May 25, 2018 |
July 30, 2018 |
OAKLAND (OAK)-KONAย (KOA)
|
Flight |
Route |
Departs |
Arrives |
Start Date |
End Date |
|
HA 65 |
OAK-KOA |
11:30 a.m. |
1:55 p.m. |
May 26, 2018 |
Sept. 2, 2018 |
|
HA 66 |
KOA-OAK |
3:30 p.m. |
11:35 p.m. |
May 26, 2018 |
Sept. 2, 2018 |
LOS ANGELES (LAX)-KAHULUI (OGG)
|
Flight |
Route |
Departs |
Arrives |
Start Date |
End Date |
|
HA 55 |
LAX-OGG |
1:30 p.m. |
4:15 p.m. |
June 1, 2018 |
Aug. 31, 2018 |
|
HA 56 |
OGG-LAX |
10:00 p.m. |
6:05 a.m. |
June 1, 2018 |
Aug. 31, 2018 |
NARITA (NRT)-HONOLULUย (HNL)
|
Flight |
Route |
Departs |
Arrives |
Start Date |
End Date |
|
HA 824 |
NRT-HNL |
9:30 p.m. |
10:20 a.m. |
Aug. 2, 2018 |
Sept. 30, 2018 |
|
HA 823 |
HNL-NRT |
4:05 p.m. |
7:30 p.m. (+1 day) |
Aug. 1, 2018 |
Sept. 29, 2018 |
Photo: Hawaiian Airlines.
Hawaiian Airlines, the only U.S. carrier to offer travelers complimentary meals on all transpacific flights for over three decades, is cooking up something new. Hawaiโiโs hometown carrier will introduce new elements in both food and fashion tomorrow by launching a new meal program for its North American routes while debuting uniforms by local designer Sig Zane across its network.
Guests in the main cabin on Hawaiian flights between Hawaii and Western U.S. gateway cities will be treated to complimentary meal service exclusively created for the airlineโs new Pau Hฤna Cafรฉ brand. The new service, based on guest feedback, is being launched in preparation for the roll-out of Hawaiianโs new fleet of Airbus A321neo aircraft early next year.
โOur complimentary in-flight meals have been a hallmark of the authentic and warm hospitality our guests have enjoyed for decades,โ said Avi Mannis, Hawaiian Airlines’ senior vice president of marketing. โIn adapting our meal program for the narrow-body A321neos, we found that our guests highly value opportunities to interact with our in-flight crew, so we added more service touch-points during their travel.โ
The Pau Hฤna Cafรฉ, branded meals made exclusively for the airline, consists of a continental breakfast box for brunch and hot sandwich and side for lunch. Pau Hฤna, a Hawaiian term for โfinished work,โ is a time to relax and unwind after a long workday.
The meal service will be followed by coffee and a sweet treat for dessert. A parting Mahalo service features the carrierโs popular Koloa Breeze cocktail, featuring Koloa Rum from the Island of Kauaสปi, and our signature Pau Hฤna snack mix (above).
As Main Cabin guests enjoy The Pau Hฤna Cafรฉ, the airlineโs extremely well-received Featured Chef Series overseen by Hawaiian Airlines Executive Chef Chai Chaowasaree will remain in place for First Class guests traveling from Hawaii to North America.
Hawaiian also welcomed its newest Featured Chef, Wade Ueoka of MW Restaurant. Chef Wadeโs meal cycle runs through June 2018 and includes island-inspired dishes such as a cold tofu salad with kimchee, watercress, kaiware sprouts, yuzu kosho vinaigrette appetizer and a ground beef and Portuguese sausage meatloaf with home-style gravy, sautรฉed mushrooms, potatoes and kale entree.
The updated meal program coincides with the debut of new uniforms for over 5,000 of Hawaiianโs front-line staff globally. The pieces by Hilo-based designer Sig Zane were unveiled during last yearโs HONOLULU Fashion Week as employees from Airport Customer Service, Cabin Service, Cargo, In-Flight, Line Service, Maintenance, Ramp, and Supply walked the runway. The printโs theme, Kลซ Mฤkou, or Together We Stand, is represented by the lehua blossom and ‘ohe kapala (bamboo stamps) through every piece of each work groupโs uniform, as applied in different scales and tonalities to prints, linings and woven elements.
In related news, Hawaiian Airlines will now introduce the new Airbus A321neo into revenue service on December 19, 2017 between Honolulu and Kona as flight HA118 per Airline Route.
In January the airline will introduce the new type to the Mainland with Kahului – Oakland (January 8, 2018) and Kahului – Portland, OR (January 18, 2018).
Top Copyright Photo (all others by Hawaiian):ย Hawaiian Airlines Airbus A321-271N WL D-AYAF (N202HA) (msn 7917) XFW (Gerd Beilfuss). Image: 939629.
Hawaiian Airlines on November 16, 2017 welcomed to Honolulu the first of 18 Airbus A321neo aircraft (A321-271N N202HA, msn 7917) that will shortly begin flying between Hawaiโi and the U.S. West Coast. The companyโs new fleet of single-aisle aircraft will offer guests non-stop flights to more islands, starting with service to Kauaโi, Maui, and the Kona Coast on the Island of Hawaiโi.
Hawaiian held a blessing ceremony for its first A321neo, โMaile,โ named after a vine native to Hawaii and traditionally used for lei making and celebrations. Fittingly, Hawaiianโs A321neo is adorned with a new livery featuring a silver maile lei wrapping around the fuselage as the carrierโs โFlower of the Skyโ Pualani icon gazes forward from the tail of the aircraft.
Hawaiianโs inaugural A321neo flight is scheduled for January 8, 2018 on the carrierโs existing Kahului-Oakland route. New A321neo service between Kahului and Portland will launch on January 18, 2018. Hawaiianโs seasonal summer wide-body service currently offered between Lฤซhuโe and Oakland will resume April 11, 2018 as a daily A321neo flight. Daily service between Kona and Los Angeles launches March 11, 2018 with wide-body aircraft before converting to the A321neo in the summer.
The mid-range A321neo aircraft will complement Hawaiianโs fleet of long-haul, twin-aisle aircraft used for service between Hawaiโi and 11 U.S. gateway cities, along with 10 international destinations. The airlineโs narrow-body Boeing 717 fleet offers approximately 170 flights between the Hawaiian Islands.
The 189-passenger aircraft includes 16 luxurious leather recliners in the Premium Cabin, 45 Extra Comfort premium economy seats, and 128 Economy seats. Textiles and other materials throughout the cabin pay homage to traditional Hawaiian crafts such as bark cloth (kapa) and fishing nets. Other details range from sand-inspired wall panels to Hawaiian language signage and LED mood-lighting evokingย Hawaii’sย soothing sunrises and sunsets. Guests will enjoy access to wireless streaming entertainment, USB outlets, and additional overhead stowage space.
Powered by Pratt & Whitney PurePowerrยฎ Geared Turbofanโข (GTF) engines and incorporating the latest in aerodynamics, the A321neo is the quietest and most fuel efficient aircraft in its class, leading to 16 percent lower fuel burn and carbon emissions over previous generation aircraft.
Hawaiianโs A321neo flight deck features next-generation communication, navigation and surveillance avionics โ including a completely digital low-range altimeter, and transponders and multi-mode receivers that are fully compliant with future airspace mandates โ from Rockwell Collins, a pioneer in innovative aviation solutions.
The aircraft also benefits from the companyโs MultiScanโข ThreatTrack weather radar, which alerts flight crews of potentially disruptive weather, allowing for smoother flights and more on-time arrivals.
In other news,ย Hawaiian Airlines also announced the planned retirement of Mark Dunkerley, president and chief executive officer (center above), and the selection of Peter Ingram, executive vice president and chief commercial officer, to replace Dunkerley, effective March 1, 2018.
Dunkerleyโs departure will end 15 years of leadership during which the company executed a remarkable turnaround to become one of the worldโs most successful airlines. During Dunkerleyโs tenure, Hawaiian Airlines successfully embarked on a bold Asia-Pacific growth strategy, adding service to Tokyo, Osaka and Sapporo, Japan; Seoul, South Korea; and Beijing, China as well as new routes to Auckland, New Zealand; Sydney and Brisbane, Australia; and New York City.
Since December 2002 Hawaiian has doubled the number of passengers flown annually, to 11 million. Over the same period the companyโs gross revenues have increased four-fold, to $2.64 billion and its employee count has doubled, to 6,600. Its share price has risen from a 52-week low of 29 cents in 2003 to a high of $60.90 over the last 52-week period.
โThis has been a heart-wrenching decision,โ said Dunkerley, who joined Hawaiian in December 2002.ย โI am so proud to be associated with this company and our employees. Hawaiian Airlines is truly in a class of its own, distinguished by all the employees I am honored to call my colleagues. At the same time, I am excited by the new opportunities ahead of me and I am confident that Peter Ingram and the team will lead the company to further success.โ
Chairman of the Board Lawrence Hershfield thanked Dunkerley for turning Hawaiian from a struggling local carrier to a global industry leader and also for ensuring a smooth leadership transition. โMarkโs abilities as an airline chief executive are evident in the phenomenal growth and success of Hawaiian Airlines over the course of his leadership,โ said Hershfield. โIt is also a measure of his commitment to Hawaiian that in extending his tenure for 14 months he gave the Board time to consider options for his prospective replacement.โ
Continued Hershfield: โPeter Ingram has been an important part of Hawaiian Airlinesโ growth and success for the past 12 years, and we are confident in his deep knowledge of the airline, the industry and the community.โ
Ingram joined Hawaiian as chief financial officer in December 2005, six months after its emergence from Chapter 11 Reorganization. In 2011, Ingram became chief commercial officer, overseeing marketing and sales, revenue management and network planning, loyalty programs and cargo during a period of rapid revenue growth for Hawaiian.
โI am humbled by the Boardโs confidence in me and excited by the opportunity to lead an incredible team as Hawaiianโs CEO,โ said Ingram. โMark has been an inspirational leader for our company and mentor to me and many others and I will be proud to continue pursuing the strategy for growth and success that we have been following for the last several years.โ
All photos by Hawaiian Airlines.
Hawaiian Airlines, one of the nationโs longest-serving carriers, on November 11, 2017 celebrated its 88th anniversary at a dedication ceremony for the new Charles I. Elliott Maintenance and Cargo Facility, named in honor of the man who piloted the companyโs maiden flight from Honolulu to Hilo on this day in 1929. The 21-acre site includes a 95,800 square-foot aircraft hangar that can accommodate up to five Boeing 717 aircraft at the same time, indoor maintenance and cargo operations, a two-level office building and 143-stall parking lot.
Hawaiianโs previous open-air maintenance hangar and cargo facilities have been in use since 1962, when what is now Honoluluโs Daniel K. Inouye International Airport (HNL) was first built. Following more than half a century of operations in the now outgrown and outdated facilities, the next chapter of the airlineโs history began this week as employees started moving in to the new building.
โIt is fitting that we name our new maintenance and cargo facility after the man who laid the foundation stone of the airlineโs first hangar, and then led our flight and maintenance operations at the very start of Hawaiian Airlines, 88 years ago today,โ said Mark Dunkerley, president and chief executive officer. โOver nearly nine decades, we have evolved from a two-airplane operator flying between the islands into a world-class carrier with more than 50 aircraft and 30 local, mainland and international destinations served. This hangar opening marks a new chapter for Hawaiian Airlines of growth, local employment and further economic contributions to our community.โ
Capt. Charles Irving โSamโ Elliott also served as Director of Operations at Inter-Island Airways and his first job at the airline was as inspector of Hangar No. 1. When the company dug the hole for the foundation, he ensured it was deep enough to hit solid coral, inspected the steel work, and hammered the first rivets. Soon after, he piloted the first scheduled flight: a one hour and 40-minute flight on a Sikorsky S-38 amphibious aircraft from Honolulu to Hilo on the Island of Hawaii, via Kahului, Maui.
Capt. Elliott was an aviation pioneer and a man of many firsts, having also flown the first inter-island air mail flight on Oct. 8, 1934. The following year, he took delivery of the first Sikorsky S-43 ever built and flew it cross-country from Bridgeport, Conn, to San Francisco, from where it was shipped on a Matson freighter to Hawaiโi. He was at the controls for the S-43โs inaugural inter-island flight in December 1935, and he later became the first Hawaiian pilot to fly a Douglas DC-3. He retired in 1951 after 22 years of service.
Today, the Charles I. Elliott Maintenance and Cargo Facility is a state-of-the-art, 281,000 square-foot space that will house more than 1,100 employees from cargo, maintenance, engineering, supply, fleet service, claims, and safety and security.
HAL, The Hawaiian Airlines Time Capsule
To preserve its past as it looks toward the future, Hawaiian also marked todayโs special occasion by enshrining โHAL,โ a Hawaiian Airlines Time Capsule, beneath a stairwell in the new facility. A miniaturized reproduction of an LD3 cargo container, HAL was imagined by Hawaiianโs Archivist, Capt. Rick Rogers. Capt. Rogers joined Hawaiian in 1987 as a De Havilland Dash 7 pilot and went on to fly the Douglas DC-8 and DC-9 aircraft, then the Boeing 717s and 767s before leaving the cockpit in 2010 to launch and manage an archive rich with 88 years of memorabilia.
HAL encases historical documents, publications, plaques and awards, posters and photographs along with a complete digital copy of the airlineโs archives, including approximately 100 oral history interviews gathered over the past few years. Throughout 2017, the Time Capsule made appearances in the airlineโs break rooms and Premier Club lounges across Hawaiโi, the State Capitol, and the U.S. Senate building in Washington D.C. The intent is to re-open HAL on Nov. 11, 2079, the airlineโs 150th Anniversary.
Hawaiian currently operates a fleet of 24 Airbus A330s, 20 Boeing 717s and eight Boeing 767s. It also provides turbo-prop flights using three ATR-42 aircraft via its โOhana by Hawaiian service, which will soon commence an all-cargo operation via ATR-72 aircraft. The airline last month took delivery of the first of its 18 new A321neo aircraft that will start service in early 2018, expanding flight offerings between the U.S. West Coast and Neighbor Islands.
The Charles I. Elliott Cargo and Maintenance Facility and the A321neo aircraft are the next steps in a series of major investments Hawaiian has made in recent years to aircraft cabins, lounges, and other aspects of the customer experience to elevate the carrierโs position as the preferred airline for travelers flying to and within Hawaiโi for the next century to come.
Top Photo:ย Hawaiian Airlinesโ Archivist, Capt. Rick Rogers marked the airlineโs 88th anniversary by enshrining โHAL,โ a Hawaiian Airlines Time Capsule, beneath a stairwell in Hawaiianโs new Charles I. Elliott Maintenance and Cargo Facility.
From the Alaska Airlines Blog:
Two aviation geeks met up last week to fly an old plane.
That usually wouldnโt be noteworthy, except the pilots just happened to be Alaska Airlines CEO Brad Tilden (left) and Hawaiian Airlines CEO Mark Dunkerley (right).
And this exact aircraft โ a 1929 Bellanca CH-300 Pacemaker, tail number NC251M โ has historical ties to both airlines.
Nearly 90 years ago, this was the first aircraft in Hawaiianโs fleet. A few years after that, the plane was brought to state of Alaska and served in the fleet that would become Alaska Airlines.
Itโs a special connection between two pioneering airlines named for states that are uniquely reliant on air travel. And it made for a fun flight for a couple of guys who are crazy about airplanes.
โThis was the first airplane that Hawaiian carried customers in, and one of the first airplanes that Alaska carried customers in,โ Tilden said. โI could not have been more honored to fly the airplane alongside Mark.โ
Tilden and Dunkerley are both general aviation pilots. Tilden was visiting Honolulu to celebrate Alaska Airlinesโ 10 years of service to Hawaii, and Dunkerley invited him to take a spin.
โItโs amazing that this machine is still airworthy 88 years later,โ Tilden said. โItโs also surprising to me that there are pictures of it in both our livery and Hawaiianโs with the same FAA registration number that it has today โ NC251M.โ
Retired Captain Rick Rogers, an archivist at Hawaiian Airlines, knows the planeโs history better than anyone. Heโs collected documents over the years that tell the planeโs story.
Back in 1929, the Bellanca was the first aircraft owned by Inter-Island Airways, the company that would become Hawaiian Airlines. The Bellanca was used forย Honoluluย sightseeing tours to help promote air travel, carrying more than 12,000 people at a cost ofย $3ย per person.
The plane was never used for inter-island travel, and was eventually sold.
By 1935, the plane was shipped to the state of Alaska, where it began flying for McGee Airways and Star Air Lines, two of the airlines that eventually became Alaska Airlines.
At the time, Alaska Airlines was known for delivering people and supplies to remote villages and camps. The landing gear was interchangeable โ wheels, skids or floats โ depending on whether the โrunwayโ was dirt, snow or water.
An Alaska Airlines log book from 1946 gives this description: โTypical bush airplane. Carries very large payload and is well adapted to freighting. Can operate out almost any field which has more than 1,200 feet or more runway clear of obstacles and with no more than 50-foot obstruction at either end. Passenger accommodations are out of date but adequate for bush operation. An excellent charter plane for hunting, fishing, and mining parties.โ
Alaska Airlines eventually sold the plane in 1949.
Fast forward to 2009, and Hawaiian Airlines re-acquired the Bellanca (which had been grounded since 2000) from an aviation enthusiast inย Oregon. Hawaiian initiated an ambitious restoration project atย Port Townsend Aero Museumย inย Washington stateย to return the plane to flying condition for the companyโs 80th anniversary. Support for the restoration was provided by many volunteers both from within and outside the company.
Theย airplane now holds the distinction of being one of only two remaining Bellanca Pacemakers in the world that still fly.
As Dunkerley often says, โWe donโt just celebrateย history โ we fly it.โ
Information from Hawaiian Airlines archives included in this story.ย
Hawaiian Airlines on October 27, 2017 took delivery in Hamburg of its first Airbus A321neo. The pictured A321-271N D-AYAF (msn 7917) became N202HA on the hand over.
This is the first of 18 Airbus A321s on order through 2020.
The A321s will help the carrier replace the eight remaining Boeing 767-300s.
The first A321 daily route will be between Kahului, Maui and Portland, Oregon starting on January 18, 2018.
The second route will be between Kona, Hawaii and Los Angeles starting on March 11, 2018.
The third route will connect Lihue, Kauai with Oakland commencing on April 11, 2018.
The airline previously issued this statement:
Hawaiian Airlines will expand its U.S. West Coast presence with the arrival of an A321neo fleet by adding three new nonstop daily routes early next year: Portland-Maui; Oakland-Kauaโi; and Los Angeles-Kona.
The new A321neo service between Portland (PDX) and Maui (OGG) will launch on January 18. Hawaiianโs seasonal widebody service currently offered between Oakland (OAK) and Kauaโi (LIH) through September 4 will resume April 11 as a daily A321neo flight. Daily service between Los Angeles (LAX) and Kona (KOA) on the Island of Hawaiโi launches March 11 with widebody aircraft before the A321neo is introduced in the summer of 2018.
Hawaiianโs inaugural A321neo flight between the U.S. West Coast and Hawaiโi is planned for January 8 on its existing OAK-OGG service. Additional routes will be announced as Hawaiian welcomes 18 new A321neo aircraft between the fourth quarter of 2017 and 2020.
Hawaiianโs signature style flows throughout the A321neoโs three cabins, including 16 luxurious leather recliners in the Premium Cabin, 45 Extra Comfort premium economy seats, and 128 Economy class seats. All seats are equipped with complimentary high-power USB outlets for device charging, while guests in the Premium Cabin and Extra Comfort seats will enjoy access to an additional AC power outlet. Pivoting overhead bins maximize the space for carry-on luggage.
Hawaiian carefully designed its A321neo cabin interiors with textiles and materials that reflect traditional island crafts, from bark cloth (kapa) to fishing nets, and even LED lighting mirroring Hawaiโiโs idyllic sunrises and sunsets.
New to Hawaiianโs guest experience, the A321neo will feature wireless streaming in-flight entertainment. Guests will be able to simply download an application on their personal electronic devices to enjoy a wide selection of complimentary and premium content, including movies, TV shows, music and other exclusive programming. Holders for personal hand-held devices and tablets will be integrated into the tray tables of the Premium Cabin as well as the first row of Extra Comfort, and built into the backrest of all other seats.
The A321neo boasts the quietest and most fuel-efficient engines for this aircraft type, along with aerodynamic wingtips called Sharklets that significantly reduce carbon emissions.
Copyright Photo:ย Hawaiian Airlines Airbus A321-271N WL D-AYAF (N202HA) (msn 7917) XFW (Gerd Beilfuss). Image: 939629.
Hawaiian Holdings,ย Inc., the parent company of Hawaiian Airlines,ย Inc., reported its financial results for the third quarter of 2017.
|
Third Quarter 2017 – Key Financial Metrics |
||||||||
|
GAAP |
YoY Change |
Adjusted |
YoY Change |
|||||
|
Net Income |
$74.6M |
($27.9M) |
$102.6M |
$(0.5)M |
||||
|
Diluted EPS |
$1.39 |
($0.52) |
$1.92 |
$โ |
||||
|
Pre-tax Margin |
16.6% |
(7.8) pts. |
22.8% |
(1.8) pts. |
||||
“The third quarter’s excellent results add to the great year we are having,” said Mark Dunkerley, Hawaiian Airlines president and CEO.ย “Apart from the helpful environment characterized by low fuel prices, manageable industry capacity and strong demand for the Hawaii vacation, our team is doing a terrific job improving the company and widening the gap between us and our competitors.”
Statistical information, as well as a reconciliation of the non-GAAP financial measures, can be found in the accompanying tables.
Liquidity and Capital Resources
On October 12, 2017, the Company announced the initiation of a quarterly cash dividend of 12 cents per share to be paid on November 30, 2017 to all stockholders of record as of November 17, 2017.
In addition, the Company repurchased approximately 1.1 million shares of common stock for approximately $46.2 million in the third quarter, which leaves $49.5 million remaining under its share repurchase program.
As of Septemberย 30, 2017, the Company had:
Third Quarter 2017 Highlights
People
Operational
Partnerships
Increased frequencies
Product and loyalty
Fleet and financing
Fourth Quarter and Full Year 2017 Outlook
The table below summarizes the Company’s expectations for the fourth quarter and full year ending December 31, 2017, expressed as an expected percentage change compared to the results for the quarter and full year ended December 31, 2016, as applicable.
The Company has revised its guidance range for economic fuel cost per gallon for the full year ending December 31, 2017 due to higher than expected year-to-date fuel costs and the forward fuel price curve as of October 9, 2017. The Company is also providing a guidance range for operating revenue per ASM and has adjusted its guidance ranges for cost per ASM excluding fuel and special Items, ASMs, and gallons of jet fuel consumed for the full year ending December 31, 2017.
|
Fourth Quarter |
GAAP Fourth Quarter |
|||||
|
Item |
2017 Guidance |
GAAP Equivalent |
2017 Guidance |
|||
|
Cost per ASM excluding fuel and special items (a) |
Up 3.5% to up 6.5% |
Cost per ASM (a) |
Down 10.3% to down 13.5% |
|||
|
Operating revenue per ASM |
Down 1.0% to up 2.0% |
|||||
|
ASMs |
Up 4.0% to up 6.0% |
|||||
|
Gallons of jet fuel consumed |
Up 5.0% to up 8.0% |
|||||
|
Economic fuel cost per gallon (b)(c) |
$1.75 to $1.85 |
Fuel cost per gallon (b) |
$1.72 to $1.82 |
|
Full Year |
GAAP Full Year |
|||||
|
Item |
2017 Guidance |
GAAP Equivalent |
2017 Guidance |
|||
|
Cost per ASM excluding fuel and special items (a) |
Up 6.0% to up 7.0% |
Cost per ASM (a) |
Up 3.6% to up 5.5% |
|||
|
Operating revenue per ASM |
Up 5.0% to up 6.0% |
|||||
|
ASMs |
Up 3.0% to up 4.0% |
|||||
|
Gallons of jet fuel consumed |
Up 5.5% to up 6.5% |
|||||
|
Economic fuel cost per gallon (b)(c) |
$1.65 to $1.75 |
Fuel cost per gallon (b) |
$1.64 to $1.74 |
Top Copyright Photo: The first Hawaiian Airbus A321neo is seen at the Airbus plant in Hamburg, Germany.ย Hawaiian Airlines Airbus A321-271N WL D-AYAF (N202HA) (msn 7917) XFW (Gerd Beilfuss). Image: 939629.
Hawaiian Airlines:
|
(a) |
See Table 4 for a reconciliation of GAAP operating expenses to operating expenses excluding aircraft fuel and special items. |
|
(b) |
Fuel cost per gallon estimates are based on the October 9, 2017 fuel forward curve. |
|
(c) |
See Table 3 for a reconciliation of GAAP fuel costs to economic fuel costs. |
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