Hawaiian Holdings 报告 2023 年第四季度和全年财务业绩

Hawaiian Holdings 报告 2023 年第四季度和全年财务业绩

时间戳记：31年2024月11日，凌晨43:XNUMX
源节点： 3091366

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc. has reported its financial results for the fourth quarter and full year 2023.

“I am grateful to our team who accomplished an extraordinary amount, including realizing foundational investments during a challenging year,” said Hawaiian Airlines President and CEO Peter Ingram.  “Demand is solid across our networks, our brand remains strong in Japan as the market recovers, and we have seen steady improvement in travel to Maui.  We expect the combination with Alaska will create an even more competitive combined airline, positioning the Hawaiian Airlines brand to flourish in the years ahead.”

Fourth Quarter 2023 – Key Financial Metrics and Results
公认会计准则 同比变化 调整后（一） 同比变化
净亏损 （101.2万美元） （51.0万美元） （122.7万美元） （98.0万美元）
稀释每股收益 （$ 1.96） （$ 0.98） （$ 2.37） （$ 1.88）
税前保证金 (19.0) % （10.4）分。 (22.9) % （18.6）分。
EBITDA （71.8万美元） （65.7万美元） （98.1万美元） （123.7万美元）
每个 ASM 的运营成本 15.30¢ (0.16) 美分 11.77¢ 0.88¢
Full Year 2023 – Key Financial Metrics and Results
公认会计准则 同比变化 调整后（一） 同比变化
净亏损 （260.5万美元） （20.4万美元） （313.5万美元） （103.1万美元）
稀释每股收益 （$ 5.05） （$ 0.38） （$ 6.08） （$ 2.00）
税前保证金 (12.1) % （1.0）分。 (14.5) % （4.5）分。
EBITDA （103.6万美元） （41.8万美元） （169.0万美元） （138.0万美元）
每个 ASM 的运营成本 14.90¢ (0.36) 美分 11.29¢ 0.51¢
(a) 请参阅表 4，了解调整后的净亏损、调整后的稀释每股收益、调整后的税前利润率、调整后的 EBITDA 以及每 ASM 的调整后运营成本（CASM 不包括燃料和非经常性项目）与其各自最直接的项目的调节表可比较的公认会计准则财务指标。

统计数据以及所报告的非一般公认会计准则财务指标的核对见下表。

流动资金和资本资源

截至31年2023月XNUMX日，公司拥有：

  • Unrestricted cash, cash equivalents and short-term investments of $908.5 million
  • 未偿债务和融资租赁义务为 1.7 亿美元
  • Liquidity of $1.1 billion, including an undrawn revolving credit facility of $235 million

营收环境

Following the Maui wildfires, Hawaiian saw a steady recovery of travel from North America to Maui.  Non-Maui routes and international markets ex-Japan continued to perform and demand remained solid.  In international markets, strong U.S. and other point-of sale demand, coupled with an increase in Japan-originating traffic, contributed to a 20.7% point increase in International passenger load factor year-over-year.  Premium products continued to demonstrate strong performance for the fourth quarter and full year 2023. 

The Company’s overall operating revenue for the fourth quarter 2023 was down 8.5% compared to the fourth quarter of 2022 on 3.3% higher capacity.  In addition to the impact from the Maui wildfires, pandemic-related spoilage and revenue from pent-up travel demand in 2022 drove the year-over-year decline.  The Company’s overall operating revenue for 2023 was up 2.8% from 2022 on 8.1% higher capacity.

Other Revenue for fourth quarter 2023 was down 15.9% compared to the same period in 2022, primarily driven by a decrease in cargo revenue.  Cargo activity in 2022 was higher than normal due to lingering pandemic-related effects.  Full year 2023 Other Revenue was down 16.2% compared to 2022, driven by decreases in cargo revenue and contract services.

2023 年第四季度和全年亮点

路线和定期服务

  • Operated 108% of its 2022 capacity: 96%, 112%, and 172% capacity on its North America, Neighbor Island, and International routes, respectively
  • Launched ticket sales for new daily nonstop service between Salt Lake City and Honolulu, which will commence on May 15, 2024
  • Announced expansion of service in Sacramento with four weekly flights to Līhuʻe, Kauaʻi starting May 24, 2024 and three weekly flights to Kona on the Island of Hawaiʻi starting May 25, 2024

奖项及荣誉

  • 经济旅行客户满意度排名最高 Consumer Reports' 2023 年航空旅行购买指南
  • Named the best domestic airline in 旅游+休闲 2023 “World’s Best Awards” annual reader survey
  • Rated as one of the top airlines in the U.S. by CondéNast Traveler readers for the 2023 Readers’ Choice Awards
  • Awarded best new business class in 2023 by TheDesignAir for its new business class product, the Leihōkū Suites

来宾体验

  • Received FAA approval of the Starlink system on the Airbus A321neo, which is currently being installed on that fleet. Hawaiian will be the first major airline to put this technology on-board, and it is expected to be the fastest, most capable inflight connectivity available worldwide, offered free to every guest
  • Collaborated with Hawaiʻi lifestyle brand Noho Home to design Hawaiian’s new in-flight amenity kits and soft goods with a focus on sustainability and rooted in aloha. Amenities are made with responsibly sourced materials and offered to Business Class guests on long-haul flights a la carte to minimize waste

环境、社会和公司治理

In May 2023, the Company published its 2023 Corporate Kuleana (Responsibility) Report, providing progress on Environmental, Social and Governance (ESG) priorities, which included a decarbonization roadmap with interim targets to lower greenhouse gas emissions focused on replacing petroleum jet fuel with sustainable aviation fuel (SAF); plans to decrease life-cycle jet fuel emissions per revenue ton mile by 45% by 2035; and efforts to replace 10% of conventional jet fuel with SAF by 2030.  The report also highlights Hawaiian’s employee diversity, including the highest percentage of women pilots of any major U.S. airline.

Other activities in 2023 include the following:

  • Engaged over 1,500 volunteers who donated over 8,500 hours of community service work for more than 200 organizations throughout Hawaiʻi and other markets we serve
  • Donated $109,500 through the Hawaiian Airlines Foundation as a grant to Kāko’o ‘Ōiwi, a nonprofit organization dedicated to advancing the cultural, spiritual and traditional practices of the Native Hawaiian community. The grant funded the construction of a produce washing and packing facility to serve small, family farms in the area
  • Brought the Holoholo Challenge virtual race series to Kauaʻi which raised almost $25,000 in proceeds benefiting the National Tropical Botanical Garden’s McBryde Garden, a 259-acre conservation and research area that is home to the world’s largest collection of native Hawaiian flora
  • Provided wide-ranging support for the Maui Community, including direct gifts of $50,000 each to the Hawaiʻi Foodbank, Maui Food Bank, and Hawaiʻi Community Foundation’s Maui Strong Fund, and a donor-matching HawaiianMiles campaign for the American Red Cross Hawaiʻi totaling approximately 140 million HawaiianMiles. Additionally, Hawaiian assisted with the evacuation of displaced residents and visitors and the transportation of first responders to Maui, and also supported relief efforts by carrying over 193,000 lbs. of essential cargo

The Company continues to focus on creating long-term value and positively impacting the people, environment and communities it serves. The Company will publish its fifth annual Corporate Kuleana Report in the spring of 2024.

合并协议

On December 3, 2023, Alaska Air Group, Inc. and the Company announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian for $18.00 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian’s net debt.  The combined company will unlock more destinations for consumers and expand choice of critical air service options and access throughout the Pacific region, Continental United States and globally.  The acquisition is conditioned on required regulatory approvals, approval by the Company’s shareholders, and other customary closing conditions.  It is expected to close in 12-18 months from the announcement date.

2024年第一季度展望

The table below summarizes the Company’s expectations for the quarter ending March 31, 2024 expressed as an expected percentage change compared to the results for the quarter ended March 31, 2023.  Figures include the expected impacts of the Company’s freighter operation, which are not yet expected to be material.

Item GAAP First Quarter 
2024年指导		 非公认会计准则同等标准 Non-GAAP First 
四分之一2024 
指引
可用座位里程 (ASM) 上涨2.5％至上涨5.5％
每个 ASM 的营业收入 
（RASM）		 下跌 1.0% 至上涨 2.0%
每个 ASM 的成本 (CASM) 上涨5.0％至上涨7.2％ CASM 不包括燃料和非
经常性项目 (a)		 上涨8.0％至上涨11.0％
Gallons of Jet Fuel Consumed (c) 上涨4.0％至上涨7.0％
每加仑平均燃油价格， 
包括税费和运费 (b)		 $2.66 每加仑经济燃油价格 
(a)(b)(c)		 $2.71
有效税率 〜21％

2024年全年展望 

The table below summarizes the Company’s expectations for the full year ending December 31, 2024 expressed as an expected percentage change compared to the results for the year ended December 31, 2023.  Figures include the expected impacts of the Company’s freighter operation as the Company establishes its freighter operation.

Item GAAP Full Year 2024 
指引		 非公认会计准则同等标准 Non-GAAP Full Year 
2024年指导
ASM 上涨6.0％至上涨9.0％
卡姆 上涨0.7％至上涨3.0％ CASM 不包括燃料和非
经常性项目 (a)		 持平至3.0％
Gallons of Jet Fuel Consumed (c) 上涨4.0％至上涨7.0％
每加仑平均燃油价格， 
包括税费和运费 (b)		 $2.55 每加仑经济燃油价格 
(a)(b)(c)		 $2.59
资本支出 500万至550万美元
(a) 请参阅表 3 和表 4，了解 CASM（不包括燃料和非经常性项目）以及每加仑经济燃料价格与其各自最直接可比的 GAAP 财务指标的调节。
(b) Average fuel price per gallon and economic fuel price per gallon estimates are based on the January 12, 2024 fuel forward curve.
(c) Gallons of jet fuel consumed do not include fuel used in the freighter operation, as those expenses are pass-through expenses not born by the Company.

统计信息以及某些非GAAP财务指标的对帐可在随附的表格中找到。

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