Hawaiian Holdings (HA) — the parent company of Hawaiian Airlines — offered a mixed bag of fourth-quarter earnings results on Tuesday, narrowly beating on revenue at $669.1 million but falling short on adjusted losses of $2.37 per share.
Yahoo Finance Reporter Pras Subramanian breaks down the numbers, acknowledging Hawaiian Airlines' plans to merge with Alaska Airlines (ALK).
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
- Here with the latest numbers hitting the wire. We've got team coverage. Yahoo Finance's Pras Subramanian, Alexandra Canal, and Josh Schafer. Pras, let's start with what you're eyeing in after hours trading.
PRAS SUBRAMANIAN: Yeah, sure. I'm watching shares of Hawaiian Holdings, Hawaiian Airlines, which is set to merge with Alaska. Reported top line revenue of $669 million versus Bloomberg consensus estimates of $668.8 million. So slight beat there. That figure is down 8% compared to a year ago, however. Hawaiian reported an adjusted EPS loss of 237, a share versus a loss of 235.
Estimated so slightly wider miss there. There was concern the Maui fires from last summer would impact Q4 results, but Hawaiian said it saw a steady recovery of travel there from North America. Looking ahead, the airline expects its merger with Alaska Air to close in the next 12 to 18 months. And from a guidance perspective, it sees available seat miles or ASM climbing 6% to 9% in 2024. Note the airline does not have exposure to the Boeing 737 MAX aircraft.
