Tag Archives: Airbus A321-271N WL

Hawaiian Airlines carries a record 11.8 million passengers in 2018

Hawaiian Airlines Airbus A321-271N WL N212HA (msn 8129) LAX (Michael B. Ing). Image: 943866.

Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc.has announced its system-wide traffic statistics for the month, quarter, and full year ended December 31, 2018.

Hawaiian welcomed a record 11,840,178 guests in 2018, a 2.9 percent increase over the previous year.  The record number of passengers in 2018 marks 14 straight years of growth as Hawaiian continues to expand its network and fleet, providing travelers with more options to fly to, from, and within the Hawaiian Islands than any other carrier.

Hawaiian took delivery of nine A321neo aircraft (top) in 2018, bringing the total size of its A321neo fleet to 11 aircraft.  The A321neo will help the airline build upon its already strong U.S. West Coast presence, including new daily nonstop service to Maui’s Kahului Airport from Portland, Sacramento and San Diego international airports, as well as to Honolulu’s Daniel K. Inouye International Airport from Long Beach.

The airline will also begin new five-times-a-week nonstop service to Honolulu from Boston’s Logan International Airport on April 4.

Top Copyright Photo: Hawaiian Airlines Airbus A321-271N WL N212HA (msn 8129) LAX (Michael B. Ing). Image: 943866.

Hawaiian Airlines aircraft slide show:

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Hawaiian Airlines updates expected third quarter and full year 2018 metrics

Delivered on June 15, 2018

Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc., has updated its expectations for certain third quarter and full year 2018 financial metrics.

Third Quarter 2018 Outlook

The Company has revised certain of its expectations for the third quarter ending September 30, 2018that were previously provided on July 24, 2018.

Specifically, the Company lowered its expectations for third quarter operating revenue per available seat mile (RASM) as a result of service disruptions, passenger cancellations and booking interruptions stemming from Hurricane Lane that affected the Hawaiian island chain in late August 2018.

The table below summarizes the Company’s revised expectations, expressed as an expected percentage change compared to the results for the third quarter ended September 30, 2017.

Prior Third Quarter

2018 Guidance

Revised Third Quarter
2018 Guidance

Operating revenue per ASM (RASM)

Down 1.5% – Up 1.5%

Flat – Down 2.0%

Full Year 2018 Outlook

The Company has also revised certain of its expectations for the full year ending December 31, 2018that were previously provided on July 24, 2018.

Specifically, the Company lowered its expectations for full year ASMs and gallons of jet fuel consumed following the planned suspension of its thrice-weekly nonstop service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Beijing Capital International Airport (PEK) effective mid-October 2018.

The Company’s expectations for full year operating costs per ASM (CASM) excluding aircraft fuel and special items remain unchanged.

The table below summarizes the Company’s revised expectations, expressed as an expected percentage change compared to the results for the year ended December 31, 2017.

Prior Full Year 2018
Guidance

Revised Full Year 2018
Guidance

Available seat miles (ASMs)

Up 5.5 – 7.5%

Up 5.0 – 7.0%

Gallons of jet fuel consumed (000s)

Up 4.0 – 6.0%

Up 3.5 – 5.5%

Copyright Photo: Hawaiian Airlines Airbus A321-271N WL N212HA (msn 8129) LGB (Michael B. Ing). Image: 943083.

Hawaiian aircraft slide show:

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Hawaiian Holdings reports 2018 second quarter financial results

Delivered on June 30, 2018

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., today reported its financial results for the second quarter of 2018.

Second Quarter 2018 – Key Financial Metrics

GAAP

YoY Change

Adjusted

YoY Change

Net Income

$79.5M

+$2.6M

$73.3M

$(8.4)M

Diluted EPS

$1.56

+$0.13

$1.44

$(0.08)

Pre-tax Margin

14.8%

(3.7) pts.

13.7%

(5.9) pts.

“Our second quarter performance reflects our continued position as the carrier of choice for Hawai’i,” said Peter Ingram, Hawaiian Airlines president and CEO.  “The Hawaiian team showed their mettle yet again, producing solid financial and operational results in a quarter marked by rising fuel prices, elevated industry capacity, and headline-grabbing volcanic activity on the Big Island of Hawai’i.  We generated more revenue and carried more guests than in any second quarter in our history by executing our plan and running a safe and reliable airline.  I couldn’t be more proud of my colleagues.”

Statistical information, as well as a reconciliation of the non-GAAP financial measures, can be found in the accompanying tables.

Shareholder Returns, Liquidity and Capital Resources

As of June 30, 2018, the Company had:

  • Unrestricted cash, cash equivalents and short-term investments of $593 million
  • Outstanding debt and capital lease obligations of $692 million

The Company returned $8.6 million to shareholders in the second quarter through $6.1 million in dividends and $2.5 million in share repurchases.

On July 20, 2018, the Company’s Board of Directors declared a quarterly cash dividend of 12 cents per share to be paid on August 31, 2018, to all shareholders of record as of August 17, 2018.

Second Quarter 2018 Highlights

Operational

  • Carried more than 3 million guests across its network, a record for the second quarter.

Partnerships

  • Together with Japan Airlines, filed an application with the U.S. Department of Transportation (DOT) and Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) seeking antitrust immunity to create a joint venture that promises significant consumer benefits and the opportunity for service expansion.  The antitrust immunized joint venture will build upon the broad codeshare partnership the two carriers initiated in March 2018.

New Routes and increased frequencies

  • Expanded its routes to Southern California with the launch of new daily non-stop service between Long Beach Airport (LGB) and Honolulu’s Daniel K. Inouye International Airport (HNL).
  • Announced expanded seasonal winter service to International destinations, including:
    • increasing non-stop service between Seoul’s Incheon International Airport (ICN) and Honolulu (HNL) to daily flights between mid-January and early-February 2019; and
    • increasing non-stop service between Sapporo’s New Chitose Airport (CTS) and Honolulu (HNL) with up to five weekly flights during the first half of February 2019.
  • Announced expanded service to Northern California with new daily non-stop flights between Sacramento International Airport (SMF) and Maui’s Kahului Airport (OGG) beginning April 2019.

Product and Loyalty

  • Completed remodeling its Airbus A330 fleet with lie-flat premium seats and increased Extra Comfort capacity.
  • Together with Barclays, Mastercard, and Bank of Hawai’i, launched an enhanced Hawaiian Airlines World Elite Mastercard and Hawaiian Airlines Business Mastercard that allow cardmembers to earn more miles faster and embark on their next vacation sooner through a refreshed rewards structure.

Fleet and Financing

  • Subsequent to quarter end, secured its next long-haul aircraft with the signing of a definitive purchase agreement with Boeing for the purchase of 10 Boeing 787-9 aircraft (below), including purchase rights for an additional 10 aircraft.
  • Took delivery of four Airbus A321neo aircraft between May and June (top), increasing the size of its Airbus A321neo fleet to six aircraft.
  • Took delivery of one ATR 42 turboprop aircraft in June, increasing the size of its passenger turboprop fleet to four aircraft.
  • Entered into two Japanese Yen-denominated debt financings, each collateralized by an Airbus A321neo aircraft.

Third Quarter and Full Year 2018 Outlook

The table below summarizes the Company’s expectations for the third quarter ending September 30, 2018, and the full year ending December 31, 2018, expressed as an expected percentage change compared to the recast results for the quarter ended September 30, 2017, or the full year ended December 31, 2017, as applicable.

For the full year ending December 31, 2018, the Company expects its effective tax rate to be in the range of 24% to 26%.

Third Quarter

GAAP Third Quarter

Item

2018 Guidance

GAAP Equivalent

2018 Guidance

ASMs

Up 7.5 – 9.5%

Operating revenue per ASM

Down 1.5% – Up 1.5%

Cost per ASM excluding fuel and special items (a)

Up 0.5 – 3.5%

Cost per ASM (a)

Up 6.8 – 10.3%

Gallons of jet fuel consumed

Up 5.0 – 7.0%

Economic fuel cost per gallon (b)(c)

$2.10 – $2.20

Fuel cost per gallon (b)

$2.21 – $2.31

Full Year

GAAP Full Year

Item

2018 Guidance

GAAP Equivalent

2018 Guidance

ASMs

Up 5.5 – 7.5%

Cost per ASM excluding fuel and special items (a)

Up 1.0 – 3.0%

Cost per ASM (a)

Up 6.3 – 9.0%

Gallons of jet fuel consumed

Up 4.0 – 6.0%

Economic fuel cost per gallon (b)(c)

$2.05 – $2.15

Fuel cost per gallon (b)

$2.15 – $2.25

(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 July 12, 2018, fuel forward curve.

(c)

See Table 3 for a reconciliation of GAAP fuel costs to economic fuel costs.

New Revenue Recognition Accounting Standard

As of January 1, 2018, the Company adopted Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, which affects the Company’s accounting for frequent flyer mileage sales, passenger revenue, other operating revenue, and selling costs.  The prior periods presented have been recast to reflect adoption of these new standards.

For additional details on the impact of the adoption of the new standards, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and the Company’s subsequent periodic filings beginning with its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.

Top Copyright Photo (all others by Hawaiian): Hawaiian Airlines Airbus A321-271N WL N209HA (msn 8186) LGB (Michael B. Ing). Image: 942911.

Hawaiian Airlines aircraft slide show:

Hawaiian Airlines to add daily Sacramento-Maui service

Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940199.

Hawaiian Airlines today announced it will begin daily nonstop flights between Sacramento (SMF) and Kahului, Maui (OGG) next year, offering convenient, direct access to the Valley Isle on the airline’s new Airbus A321neo from California’s capital city.

Sacramento-Maui schedule:

FLIGHT

ROUTE

DEPARTS

ARRIVES

START DATE

HA59

SMF-OGG

8:30 a.m.

11:15 a.m.

April 2, 2019

HA60

OGG-SMF

12:45 p.m.

8:55 p.m.

April 1, 2019

Hawaiian, Hawai’i’s largest and longest-serving carrier, launched its SacramentoHonolulu service in June 2002. The carrier currently operates four Airbus A321neos on the following routes: Portland and Honolulu and Kahului, Maui; San Diego and Kahului, Maui; and Long Beach and Honolulu.

The highly efficient, mid-range A321neo aircraft complement Hawaiian’s fleet of wide-body aircraft currently used for service between Hawai’i and 12 U.S. gateway cities, along with 10 international destinations. Hawaiian’s 189-passenger A321neo includes 16 luxurious leather recliners in First Class, 44 Extra Comfort premium economy seats, and 129 Economy seats. In addition to Hawaiian’s warm hospitality, including complimentary meals, guests will enjoy wireless streaming in-flight entertainment, access to USB outlets, and additional overhead stowage space.

HNL Gate renumbering:

Copyright Photo (all others by Hawaiian): Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940199.

Hawaiian aircraft slide show:

Philippine Airlines takes delivery of its first Airbus A321neo aircraft

Philippine Airlines (PAL) has taken delivery of its first Airbus A321neo aircraft in Hamburg, Germany.

The pictured Airbus A321-271N D-AVZM was handed over as RP-C9930 (msn 8117) on May 31, 2018.

This is the first of 21 A321neo aircraft ordered by the airline under its fleet renewal program. Powered by Pratt and Whitney Pure Power engines, the new aircraft features a premium two class layout with 12 business class seats and 154 seats in the main cabin.

Selected for its outstanding operational efficiency, comfort and range, Philippine Airlines will deploy the A321neo aircraft across the Asia-Pacific region, including Australia and India.

The A321neo joins an existing Airbus fleet at Philippine Airlines that currently includes 25 A320ceo Family aircraft, 15 widebody A330s and five A340s. The carrier will also take delivery of the first of six A350-900 widebody aircraft on order later this year.

Photos: Airbus.

Hawaiian publishes new Airbus A321neo routes

Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940198.

Hawaiian Airlines is expanding Airbus A321 coverage as more aircraft are delivered.

According to Airline Route, the carrier will start the following new routes with the new type:

January 1, 2019:

Honolulu – Phoenix
Honolulu – San Jose
Kahului – San Jose
Kona – Los Angeles
Lihue – Los Angeles

March 31, 2019:

Honolulu – Sacramento

In other news, on April 12, the airline celebrated its 10-year anniversary of service between Oakland and the Hawaiian Islands. Guests boarding the airline’s flights from Oakland International Airport (OAK) to Honolulu and Maui were treated to Hawaiian music, hula, and 250 bonus HawaiianMiles offered by its World Elite Mastercard program.

Hawai‘i’s flagship carrier first introduced its authentic Hawaiian hospitality to Bay Area travelers in 1986 when it launched service at San Francisco International Airport. Hawaiian expanded operations in 2005 with flights at San Jose International Airport, followed by OAK in the spring of 2008.

In the past decade, Hawaiian has carried more than 1.5 million guests on over 6,000 flights departing OAK toward Hawai‘i, with nonstop service to Honolulu and Maui, as well as seasonal service to Līhu‘e on Kaua‘i and Kona on the Island of Hawai‘i.

In January, the airline introduced its new Airbus A321neo aircraft on its Oakland to Maui route.

Starting July 15, 2018 Hawaiian will launch nonstop service between OAK and Kaua‘i operated by the A321neo.

Copyright Photo: Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940198.

Hawaiian Airlines aircraft slide show:

Hawaiian Airlines adjusts seasonal summer schedule

Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940198.

Hawaiian Airlines has announced it has removed two seasonal summer flights between the Bay Area and Hawai‘i from its schedule and deferred another due to unforeseen delays in the delivery of the carrier’s new Airbus A321neo fleet.

Due to the delays, Hawaiian will no longer offer two seasonal summer flights between the Bay Area and Hawai‘i.

Our previously announced extra flight between San Francisco and Honolulu, and the flight between Oakland and Kona will be removed. Service between Oakland and Lihue, originally scheduled to commence on April 11, will be deferred until July 15. Guests already booked on these flights will be re-accommodated on other Hawaiian Airlines flights from the Bay Area to their final destination.

Affected Flights

Flight Number Route Flight Dates
HA 53 SFO-HNL May 26, 2018 – July 31,2018
HA 54 HNL-SFO May 25, 2018 – July 30, 2018
HA 65 OAK-KOA May 26, 2018 – September 2, 2018
HA 66 KOA-OAK May 26, 2018 – September 2, 2018
HA 67 OAK-LIH April 12, 2018 – July 16, 2018
HA 68 LIH-OAK April 11, 2018 – July 15, 2018
HA 1066 HNL-OAK May 25, 2018

Completed re-accommodations by flight number and date*

Flight Number Route Flight Dates Completed
HA 53 SFO-HNL In Progress
HA 54 HNL-SFO In Progress
HA 65 OAK-KOA In Progress
HA 66 KOA-OAK In Progress
HA 67 OAK-LIH In Progress
HA 68 LIH-OAK In Progress
HA 1066 HNL-OAK In Progress

*Dates not shown in the above table are currently in the process of being re-accommodated.

Copyright Photo: Hawaiian Airlines Airbus A321-271N WL N202HA (msn 7917) LAX (Michael B. Ing). Image: 940198.

Hawaiian Airlines aircraft slide show: