HA - Hawaiian Holdings raises revenue capacity and fuel cost expectations
Hawaiian Holdings (NASDAQ:HA) updated its second quarter guidance on Tuesday, with notable shifts across capacity, cost, and revenue estimates. Per an 8-K filing released in pre-market hours, the Honolulu-based airline indicated it now expects total revenue to fall 4.5% to 7.5%, an improvement from prior estimates set at an 8-12% decline as compared to the second quarter of 2019. Also, the carrier updated capacity for the second quarter to be down approximately 11.5% to 13.5%, updated from a prior guide of down 11.5% to 14.5%. “The improvement is primarily due to improved domestic yields,” the filing explained. Additionally, the carrier now anticipates costs per available seat mile “excluding fuel and non-recurring items” to improve to a range of 15.5% to 17.5% growth as compared to the second quarter of 2019. Prior guidance had forecast a larger 16.5% to 19.5% jump in costs. “The improvement is primarily due to changes in
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Hawaiian Holdings raises revenue, capacity and fuel cost expectations