Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), today announced its systemwide traffic statistics for the month of September, third quarter, and year-to-date and updated its expectations for certain third quarter financial metrics.
Third Quarter 2012 Revised Outlook
Hawaiian has revised its third quarter expectations compared to those provided in its September 4th
Investor Update (see table below). The decline in revenue guidance is primarily the result of competitive
pricing on a number of specific routes that have seen high rates of industry capacity growth; the improved
unit cost guidance is attributable to revenue-driven expense savings, decreased load factors, and lower than
expected maintenance expense.
Safe Harbor Statement
This investor update contains forward-looking statements that reflect the Company¡¯s current views with
respect to certain current and future events and financial performance for third quarter 2012 including, but not limited
to, statements regarding passenger revenue per available seat mile, operating revenue per available seat mile, passenger
revenue per revenue passenger mile and cost per available seat mile excluding fuel. These forward-looking statements
are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company¡¯s
operations and business environment which may cause the Company¡¯s actual results for the quarter ending September
30, 2012 and the full year ending December 31, 2012 to be materially different from any expected results, expressed or
implied, in these forward-looking statements. These risks and uncertainties include, without limitation, economic
volatility; the price and availability of aircraft fuel; competition in the North America, Neighbor Island and
International markets; reduced demand for transportation in the markets in which the Company operates; the
Company¡¯s dependence on tourist travel; and the Company¡¯s ability to implement its growth strategy and related cost
The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect
events or circumstances that may arise after the date hereof even if experience or future changes make it clear that any
projected results expressed or implied herein will not be realized.
Additional information on risk factors that could potentially affect the Company¡¯s operations and financial results may be found in the Company¡¯s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and subsequent filings with the Securities Exchange Commission.