Hawaiian Holdings Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings and Production Guidance for the First Quarter and Full Year 2019; Provides Production Guidance for the Full Year 2019
For the full year, the company reported total operating revenue of $2,837,411,000 compared to $2,675,145,000 a year ago. Operating income was $314,368,000 compared to $464,038,000 a year ago. Net income was $233,200,000 or $4.62 per diluted share compared to $330,610,000 or $6.19 per diluted share a year ago. Basic net income per share was $4.63 compared to $6.23 a year ago.
For the quarter, the company reported revenue passenger flown of 2,887,000 compared to 2,910,000 a year ago. Revenue passenger miles were 4,280,809,000 compared to 4,120,002,000 a year ago. Available seat miles were 5,059,708,000 compared to 4,788,457,000 a year ago. Passenger load factor was 84.6% compared to 86.0% a year ago.
For the full year 2018, the company reported revenue passenger flown of 11,830,000 compared to 11,498,000 a year ago. Revenue passenger miles were 17,198,985,000 compared to 16,307,344,000 a year ago. Available seat miles were 20,158,139,000 compared to 18,991,566,000 a year ago. Passenger load factor was 85.3% compared to 85.9% a year ago.
For the first quarter, the company expects operating revenue per ASM to be down 3.0% - 6.0%. ASMS to be up 1.5% - 3.0%.
For the full year, the company expects ASMS to be up 1.5% - 4.5%.