Hawaiian Airlines Reports Lower Load Factor, Alters Q4 View
Zacks Investment Research | Jan 13, 2019 09:15PM ET
Hawaiian Holdings, Inc.’s (NASDAQ:HA) wholly owned subsidiary Hawaiian Airlines reported traffic figures for December 2018. Simultaneously, the company has revised its fourth-quarter 2018 outlook pertaining to a few metrics.
Traffic
Traffic (measured in Revenue Passenger Miles or RPMs) increased 5.1% to 1.46 billion in the month. Available Seat Miles (ASMs) also climbed 5.6% to 1.74 billion in the period. Load factor (percentage of seats filled by passengers) contracted 40 basis points (bps) to 84% as traffic growth was outpaced by capacity expansion.
At the end of 2018, the carrier recorded a 5.5% rise in RPMs while ASMs rose 6.1%. As a result, load factor slipped 50 bps. While passenger count inched up 2.9% on a year-to-date basis, it dipped 1.9% in December.
Hawaiian Holdings, Inc. Price
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