Exhibit 99.1

 

GRAPHIC

 

COMPANY CONTACT:

Scott Topping, CFO

Hawaiian Airlines

 Phone: 808.835.3700

scott.topping@hawaiianair.com

 

INVESTOR RELATIONS CONTACT:

Susan Donofrio, Sr. Director

Hawaiian Airlines

 Phone: 908.719.3206

susan.donofrio@hawaiianair.com

 

MEDIA CONTACT:

Keoni Wagner, VP

Hawaiian Airlines

 Phone: 808.838.6778

keoni.wagner@hawaiianair.com

 

Hawaiian Holdings Reports 2012 Full Year and Fourth Quarter Financial Results

 

HONOLULU — January 29, 2013 —

Hawaiian Holdings, Inc. (NASDAQ: HA) (“Holdings” or the “Company”), parent company of Hawaiian Airlines, Inc. (“Hawaiian”), today reported its financial results for the full year 2012  and the fourth quarter of 2012.

 

2012 Full Year Financial Highlights

·                  Adjusted net income, reflecting economic fuel expense and excluding lease termination costs, of $55.6 million or $1.06 per diluted share, an increase of 28.7% year-over-year.

·                  GAAP net income of $53.2 million or $1.01 per diluted share.

·                  Operating cost per available seat mile (CASM), excluding fuel and lease termination costs, decrease of 6.0% year-over-year.

·                  Adjusted operating margin of 7.0%, reflecting economic fuel expense and excluding lease termination costs.

·                  Unrestricted cash and cash equivalents increase of 33.5% year-over-year.

·                  Return on invested capital, pre-tax, of 14.9%.

 

Fourth Quarter 2012 Financial Highlights

·                  Available seat mile (ASM) for scheduled operations increase of 29.2% year-over-year.

·                  Adjusted net income, reflecting economic fuel expense, of $0.1 million or $0.00 per diluted share.

·                  GAAP net loss of $3.4 million or $0.07 cents per diluted share.

·                  CASM, excluding fuel, decrease of 11.3% year-over-year.

·                  Unrestricted cash and cash equivalents of $405.9 million.

 

Mark Dunkerley, the Company’s President and Chief Executive Officer, commented that “A good year of growth and improving financial performance was finished off by a disappointing break-even result in the fourth quarter.  The sharp weakening of the Yen, continued excess capacity in certain markets and an accounting charge all worked to depress our earnings for the period despite many other things going right for the business.

 

The year as a whole was every bit as busy and exciting as we had forecast.  We added four new long haul destinations, eight long haul and short haul aircraft, opened a hub on Maui and added approximately 600 employees to our rolls, all in 2012.  Throughout it all, the employees of Hawaiian Airlines continued to deliver the very highest quality travel and shipping experience to our customers.  Our employees’ tireless dedication to our customers and to our business is a distinguishing strength of Hawaiian Airlines.  2013 promises to be an equally exciting year for the company with new destinations, new aircraft and more employees being planned.”

 

1


The following information was filed by Hawaiian Holdings Inc (HA) on Tuesday, January 29, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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