Hawaiian Airlines, has today announced its system-wide traffic statistics for the month, quarter, and full year ended December 31, 2018.
The airline welcomed a record 11,840,178 guests in 2018, a 2.9% 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 travellers options to fly to, from, and within the Hawaiian Islands than any other carrier.
Hawaiian took delivery of nine A321neo aircraft 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 non-stop 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 non-stop service to Honolulu from Boston's Logan International Airport on April 4th.
SYSTEM-WIDE OPERATIONS1
DECEMBER
|
2018
|
2017
|
% CHANGE
|
PAX
|
981,571
|
1,000,646
|
(1.9%)
|
RPMS (000)
|
1,458,883
|
1,388,279
|
5.1%
|
ASMS (000)
|
1,737,134
|
1,645,354
|
5.6%
|
LF
|
84.0%
|
84.4%
|
(0.4) pts.
|
FOURTH QUARTER
|
2018
|
2017
|
% CHANGE
|
PAX
|
2,891,203
|
2,913,591
|
(0.8%)
|
RPMS (000)
|
4,285,036
|
4,125,894
|
3.9%
|
ASMS (000)
|
5,067,412
|
4,798,039
|
5.6%
|
LF
|
84.6%
|
86.0%
|
(1.4) pts.
|
YEAR
|
2018
|
2017
|
% CHANGE
|
PAX
|
11,840,178
|
11,505,324
|
2.9%
|
RPMS (000)
|
17,206,703
|
16,316,739
|
5.5%
|
ASMS (000)
|
20,171,911
|
19,006,682
|
6.1%
|
LF
|
85.3%
|
85.8%
|
(0.5) pts.
|
PAX
|
Passengers transported
|
RPM
|
Revenue Passenger Miles; one paying passenger transported one mile
|
ASM
|
Available Seat Miles; one seat transported one mile
|
LF
|
Load Factor; percentage of seating capacity filled
|
1Includes the operations of contract carriers under capacity purchase agreements.
--
Item
|
Prior Fourth
Quarter 2018 Guidance |
Revised
Fourth Quarter 2018 Guidance |
GAAP
Equivalent |
Prior GAAP
Fourth Quarter 2018 Guidance |
Revised
GAAP Fourth Quarter 2018 Guidance | |||||
Operating revenue per available seat mile (ASM)
|
Down 3.0 – 5.0%
|
Down 3.0 – 4.0%
| ||||||||
Cost per ASM (CASM) excluding aircraft fuel (a)
|
Down 1.0 – 3.0%
|
Down 1.5 – 2.5%
|
Cost per ASM (a)
|
Up 0.6 – 3.3%
|
Up 1.1 – 2.0%
| |||||
Gallons of jet fuel consumed
|
Flat – Up 2.0%
|
Up 1.5 – 2.0%
| ||||||||
Economic fuel cost per gallon (b)
|
$2.20 - $2.30
|
~$2.20
|
Fuel cost per gallon (b)
|
$2.31 - $2.40
|
~$2.21
|
(a)
|
See Table 1 for a reconciliation of GAAP operating expenses to operating expenses excluding aircraft fuel.
|
(b)
|
See Table 2 for a reconciliation of GAAP fuel costs to economic fuel costs.
|
Non-GAAP Financial Reconciliations
Table 1.
| ||||||||
Operating Costs per Available Seat Mile (CASM)
| ||||||||
(in thousands, except CASM data) (unaudited)
| ||||||||
Estimated three months ended December 31, 2018
| ||||||||
GAAP operating expenses
|
$
|
625,805
|
to
|
$
|
631,421
| |||
Less: aircraft fuel, including taxes and delivery
|
(149,519)
|
to
|
(150,251)
| |||||
Adjusted operating expenses - excluding aircraft fuel
|
$
|
476,286
|
to
|
$
|
481,171
| |||
Available Seat Miles
|
5,067,412
|
to
|
5,067,412
| |||||
CASM – GAAP
|
12.35¢
|
to
|
12.46¢
| |||||
Less: aircraft fuel, including taxes and delivery
|
(2.95)
|
to
|
(2.97)
| |||||
CASM - excluding aircraft fuel
|
9.40¢
|
to
|
9.50¢
|
Table 2.
| ||||||||
Economic Fuel Expense (unaudited)
| ||||||||
Estimated three months ended December 31, 2018
| ||||||||
Aircraft fuel expense, including taxes and delivery
|
$
|
149,519
|
to
|
$
|
150,251
| |||
Realized losses on settlement of fuel derivative contracts
|
(1,000)
|
to
|
(1,000)
| |||||
Economic fuel expense
|
$
|
148,519
|
to
|
$
|
149,251
| |||
Fuel gallons consumed
|
67,509
|
to
|
67,841
| |||||
Economic fuel costs per gallon
|
$
|
2.20
|
to
|
$
|
2.20
|
About Hawaiian Airlines
Hawaiian has led all U.S. carriers in on-time performance for each of the past 14 years (2004-2017) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawai'i.
Now in its 90th year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline. Hawaiian offers non-stop service to Hawai'i from more U.S. gateway cities (12) than any other airline, along with service from Japan, South Korea, Australia, New Zealand, American Samoa and Tahiti. Hawaiian also provides approximately 160 jet flights daily between the Hawaiian Islands, with a total of more than 250 daily flights system-wide.