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Hawaiian Holdings reports 2019 first quarter financial results

"Humu"

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., today reported its financial results for the first quarter of 2019.

First Quarter 2019 – Key Financial Metrics

GAAP

YoY Change

Adjusted

YoY Change

Net Income

$36.4M

+$7.8M

$32.6M

$(23.3)M

Diluted EPS

$0.75

+$0.19

$0.67

$(0.42)

Pre-tax Margin

7.5%

+1.9 pts.

6.7%

(4.3) pts.

 

“Hawaiian is off to a solid start in 2019,” said Peter Ingram, Hawaiian Airlines president and CEO. “We made important progress against our 2019 priorities in the first quarter, advancing a host of initiatives that will bring lasting value to our guests, our team, and our shareholders. Executing the winning formula we have crafted in the course of 90 years of serving Hawai’i with the best mix of service, products, and aircraft positions us well to continue to succeed in the face of an evolving competitive environment. We look forward to the rest of 2019 and demonstrating, yet again, that Hawaiian is the carrier of choice to Hawai’i.”

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

The Company returned $16.9 million to shareholders in the first quarter through share repurchases of $11.1 million and a dividend payment of $5.8 million.

On April 19, 2019 the Company’s Board of Directors declared a quarterly cash dividend of 12 cents per share to be paid on May 31, 2019 to all shareholders of record as of May 17, 2019.

As of March 31, 2019, the Company had:

  • Unrestricted cash, cash equivalents and short-term investments of $532 million
  • Outstanding debt and capital lease obligations of $613 million

First Quarter 2019 Highlights

Awards and Recognition

  • Ranked #1 nationally for on-time performance for the 15th consecutive year in 2018 as reported in the U.S. Department of Transportation (DOT) Air Travel Consumer Report.

Partnerships

  • Received notification from the U.S. Department of Transportation (DOT) that its antitrust immunity application with Japan Airlines was deemed substantially completed.
  • Announced a partnership with Carbon Lighthouse to launch a two-month pilot program focused on reducing energy waste at its Airport Center building.
  • In April, announced an expanded codeshare agreement with Virgin Australia that offers travelers in more than a dozen Australian and New Zealand cities a broader and more convenient network of flights to Hawai’i.

Products and Services

  • In April, selected partners for development of its Boeing 787-9 Dreamliner seats. Adient Aerospace and Collins Aerospace will design and supply seats for the Company’s new flagship aircraft scheduled to enter its transpacific route network in 2021.
  • Launched a brand new Hawaiian Airlines mobile app with features designed to improve guests’ day-of-travel experience.

Routes and Network

  • In April, began service on its second East Coast route with five-times-a-week non-stop service between Boston’s Logan International Airport (BOS) and Honolulu’s Daniel K. Inouye International Airport (HNL).
  • Expanded its service to Northern California with:
    • the launch of new daily non-stop service between Maui’s Kahului Airport (OGG) and Sacramento International Airport (SMF); and
    • the announcement of new daily non-stop service between San FranciscoInternational Airport (SFO) and Honolulu (HNL) using new Airbus A321neo aircraft beginning October 2019, augmenting daily flights between San Francisco(SFO) and both Honolulu (HNL) and Maui (OGG).
  • Submitted its application to the U.S. Department of Transportation (DOT) for three additional daily flights between Honolulu (HNL) and Tokyo Haneda Airport (HND).

Fleet

  • Took delivery of one Airbus A321neo aircraft in March, increasing the size of its A321neo fleet to twelve aircraft.
  • Retired the last of its Boeing 767-300 aircraft in January.

Top Copyright Photo (all others by the airline): Hawaiian Airlines Airbus A330-243 N375HA (msn 1606) SEA (Michael B. Ing). Image: 946279.

Hawaiian aircraft slide show:

Hawaiian announces a cabin redesign of its Airbus A330 fleet with lie-flat seating, reports 3Q adjusted net income of $78.4 million

Hawaiian Airlines (Honolulu) has announced it plans to introduce new luxury design elements and enhanced service options in its Airbus A330 premium cabins, including the addition of 180-degree lie-flat seats. The airline has developed its new seats in partnership with Optimares, an Italian manufacturer focused on traveler-centric design.

The airline continued:

Hawaiian logo-1

The 180-degree seats will use an innovative seat platform to fold into 76-inch beds, maximizing living space for travelers while providing options for both privacy and a shared flight experience. They will also feature an advanced in-flight entertainment experience powered by the next generation of large-format tablets and equipped with a telescoping tablet arm that adjusts to optimize viewing angle and comfort.

Hawaiian Airlines Announces Premium Cabin Redesign of its Airbus A330 Fleet with Lie-Flat Seating (PRNewsFoto/Hawaiian Airlines)

Hawaiian worked with West Coast-based brand and design consultancy PaulWylde to translate the airline’s signature design language, rooted in the natural colors and forms of the island landscape, into the cabin experience. The cabin design will incorporate flowing curves evocative of the winds and ocean, while marrying organic textures, pops of bright saturated color, and luxury materials like leather from Poltrona Frau.

Hawaiian, PaulWylde and Optimares collaborated intensively to ensure the seat and cabins are uniquely tailored to the needs of the Hawaii traveler. The seats will be installed in a 2-2-2 configuration ideally suited for couples and families traveling to the beautiful Hawaiian Islands.

The first newly outfitted aircraft is expected to enter Hawaiian’s long-haul network in the second quarter of 2016. The airline will begin installing lie-flat seats in the remaining 22 A330 aircraft in September of 2016 through 2017.

As part of the cabin redesign, Hawaiian also announced it will add 28 additional Extra Comfort seats on each A330 aircraft in response to growing demand for its popular premium economy service. The Extra Comfort option features 36 inches of seat pitch; priority boarding at the gate; complimentary on-demand in-seat entertainment; and a personal power outlet.

Today, Hawaiian’s wide-body, twin-aisle Airbus 330-200 aircraft seat 294 passengers, with 18 in Business/First Class, 40 in Extra Comfort and 236 in the Main Cabin. In the new configuration, the aircraft will seat 278 passengers, with 18 in Business/First Class, 68 in Extra Comfort and 192 in the Main Cabin. Seat pitch in the Main Cabin will remain a roomy 31 inches.

Hawaiian operates its A330 aircraft on the majority of its North American and international routes. Amenities include personal on-demand entertainment system, comfortable legroom, and a roomy interior.

On the financial side, Hawaiian reported its financial results for the third quarter of 2015:

  • GAAP net income of $70.0 million or $1.15 per diluted share.
  • Adjusted net income of $78.4 million or $1.29 per diluted share, an increase of $28.9 million or $0.50 cents per diluted share year-over-year.
  • Adjusted pre-tax margin of 20.0% compared to 12.6% in the prior year period.
  • Unrestricted cash, cash equivalents and short-term investments of $611 million.
  • Achieved leverage target at 3.1x.

Read the full report: CLICK HERE

Top Copyright Photo: Mark Durbin/AirlinersGallery.com. Airbus A330-243 N375HA (msn 1606) carries special Oakland Raiders logo at San Francisco International Airport (SFO).

Hawaiian Airlines aircraft slide show: AG Airline Slide Show

AG Aviation Gifts and Keepsakes

Hawaiian Airlines is the official airline of the Oakland Raiders for the 2015 season

Hawaiian A330-200 N375HA (01-Oakland Raiders)(Nose)(Hawaiian)(LRW)

Hawaiian Airlines (Honolulu) has announced the renewed partnership with the NFL Oakland Raiders. The airline has added the Raiders shield logo to an Airbus A330-200. The airline issued this statement:

Hawaiian logo-1

Hawaiian Airlines is proud to announce it will serve as the Official Airline of The Oakland Raiders for the 2015 National Football League (NFL) season. Hawai‘i’s largest and longest serving carrier has provided its signature ‘Mea Ho‘okipa’ (translation: I am host) in-flight hospitality and charter service for the team’s away games since 2000.

Starting with the Raiders’ September 3 preseason game against the Seattle Seahawks, Hawaiian’s designated Airbus A330 aircraft featuring the Raiders’ shield will carry players, coaches, trainers, as well as uniforms and equipment, to eight games, including: Seattle, Cleveland, Chicago, San Diego, Pittsburgh, Detroit, Tennessee and Denver through December.

 

Hawaiian provides a dedicated catering coordinator to meet the team’s expectations and to handle special requests. Hearty, nutritious meals are provided along with sandwiches and an assortment of healthy snacks that include fresh fruit, protein bars and, at the Raiders’ request, products from Hawai‘i, such as Passion Orange Guava Juice and Hawaiian Iced Tea. For entertainment, Hawaiian offers a wide selection of movies, TV shows and music.

Hawaiian Airlines has served the Oakland market since 2008, and provides daily nonstop flights to both Honolulu and Kahului, Maui. During the peak summer months, travelers can fly nonstop to all four major Hawaiian islands, when the airline adds seasonal service from Oakland to Līhu’e, Kaua’i and Kona, Hawai’i Island, between May and September. Hawaiian also serves the Bay Area with nonstop flights between San Francisco and San Jose to Honolulu.

Photo: Hawaiian Airlines. Airbus A330-243 N375HA (msn 1606) was delivered on February 24, 2015 and is named “Humu”.

Hawaiian Airlines aircraft slide show: AG Airline Slide Show

AG Prints-6 Sizes