Free Post Earnings Research Report: Hawaiian Holdings’ Q4 Top-Line Grew 8.5% Y-O-Y

Stock Monitor: SkyWest Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors.com has just released a free earnings report on Hawaiian Holdings, Inc. (NASDAQ: HA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HA. The Company released its financial results on January 29, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Honolulu, Hawaii-based Company's total operating revenue grew 8.5% y-o-y, beating market forecasts. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for SkyWest, Inc. (NASDAQ: SKYW), which also belongs to the Services sector as the Company Hawaiian Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Hawaiian Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HA

Earnings Highlights and Summary

In Q4 FY17, Hawaiian Holdings' total operating revenue grew to $686.55 million from $632.97 million in Q4 FY16. The Company's total operating revenue numbers outshone market consensus estimates of $681.52 million. The Company's passenger revenue was $596.80 million for Q4 FY17, up 7.8% from the $553.65 million reported in Q4 FY16. Furthermore, other revenues were $89.75 million during the reported quarter, rising 13.1% from $79.33 million in the last year's same quarter.

The Company's net income came in at $172.13 million, or $3.29 per diluted share, in Q4 FY17 compared to $1.94 million, or $0.04 per diluted share, in the prior year's comparable quarter. The Company's adjusted net income came in at $57.45 million, or $1.10 per diluted share, for Q4 FY17 versus $68.75 million, or $1.28 per diluted share, in Q4 FY16; outperforming market consensus estimates of $1.08 per diluted share.

Hawaiian Holdings' total operating revenues came in at $2.70 billion for the full year FY17, up 10% from $2.45 billion in FY16. The Company's adjusted net income was $301.13 million, or $5.64 per diluted share, in FY17 compared to $280.06 million, or $5.19 per diluted share, in the previous year.

Operational Metrics

In the quarter ended December 31, 2017, Hawaiian Holdings' adjusted operating expenses came in at $462.41 million versus $412.10 million in Q4 FY16. The Company's operating income surged to $100.18 million from $15.92 million in the last year's corresponding quarter. Additionally, the Company generated $93.49 million of adjusted income before income taxes compared to $111.28 million in the same quarter of last year. Additionally, adjusted pre-tax margin came in at 13.6% for Q4 FY17 compared to 17.6% in Q4 FY16.

During the reported quarter, revenue passenger miles (RPM) were 4.12 billion miles, up 4.8% from 3.93 billion miles in Q4 FY16. Available seat miles (ASM) were 4.79 billion miles during Q4 FY17, rising 4.9% from 4.57 billion miles in Q4 FY16. Passenger load factor was 86.0% during Q4 FY17 compared to 86.1% in Q4 FY16. Revenue passengers flown was 2.91 million during Q4 FY17 compared to 2.73 million in the last year's same quarter. Passenger revenue per available seat mile (PRASM) increased 2.7% to ¢12.46 y-o-y in Q4 FY17. Furthermore, total revenue per RPM was ¢14.49 in Q4 FY17 compared to ¢14.09 in Q4 FY16.

Cash Matters and Balance Sheet

As on December 31, 2017, Hawaiian Holdings' unrestricted cash, cash equivalents, and short-term investments balance was $460 million. The Company's outstanding debt and capital lease obligations were $570.67 million. Furthermore, the Company's leverage ratio was 2.0x as on December 31, 2017.

Dividend and Share Repurchase

In a separate press release on February 01, 2018, Hawaiian Holdings' Board of Directors declared a quarterly dividend of $0.12 per share, to be paid on February 28, 2018, to all shareholders of record as of February 14, 2018.

In FY17, the Company repurchased approximately 2.5 million shares of its common stock for approximately $100 million. Furthermore, the Company announced a new $100 million stock repurchase program in effect through December 31, 2019.

Stock Performance Snapshot

February 07, 2018 - At Wednesday's closing bell, Hawaiian Holdings' stock climbed 4.73%, ending the trading session at $37.65.

Volume traded for the day: 1.08 million shares.

Stock performance in the previous three-month period – up 12.39%

After yesterday's close, Hawaiian Holdings' market cap was at $2.06 billion.

Price to Earnings (P/E) ratio was at 5.49.

The stock has a dividend yield of 1.27%.

The stock is part of the Services sector, categorized under the Regional Airlines industry.

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