Friday, 11 January 2019

Hawaiian Airlines Carries Record 11.8 Million Passengers in 2018

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 TravelerTravel + 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 JapanSouth KoreaAustraliaNew ZealandAmerican 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.