Hawaiian Holdings (HA) reported Q3 EPS of ($0.15), $0.04 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $741.15 million versus the consensus estimate of $744.09 million.
GUIDANCE:
Fourth Quarter 2022 Outlook:
The Company expects its capacity for the quarter ending December 31, 2022 to be down approximately 4% to down 7% compared to the fourth quarter of 2019, mostly driven by the delay of the full restoration of its Japan network.
The Company expects its total revenue for the quarter ending December 31, 2022 to be up 1.5% to up 5.5% compared to the fourth quarter of 2019.
The Company expects its CASM excluding fuel and non-recurring items for the quarter ending December 31, 2022 to be up approximately 13% to 16% compared to the fourth quarter of 2019.
The Company's outlook for adjusted EBITDA for the quarter ending December 31, 2022 is -$5 million to $35 million.
Full Year 2022 Outlook
Gallons of Jet Fuel Consumed: Down 10% to 13%
Fuel Price per Gallon (Fuel Price per Gallon estimates are based on the October 13, 2022 fuel forward curve) : $3.47
Effective Tax Rate: ~18% to ~19%
Capital Expenditures: $120 million to $135 million