Hawaiian Holdings Inc (HA) 10-Q Quarterly Report October 2018



FOR IMMEDIATE RELEASE Tuesday, October 23, 2018		INVESTOR RELATIONS CONTACT: Daniel Wong - (808) 835-3700 Investor.Relations@HawaiianAir.com MEDIA RELATIONS CONTACT: Alex Da Silva - (808) 835-3712 News@HawaiianAir.com

Hawaiian Holdings Reports 2018 Third Quarter Financial Results

HONOLULU — October 23, 2018 — Hawaiian Holdings, Inc. (NASDAQ: HA) (the “Company”), parent company of Hawaiian Airlines, Inc. (“Hawaiian”), today reported its financial results for the third quarter of 2018.



Third Quarter 2018 - Key Financial Metrics
	GAAP	YoY Change	Adjusted	YoY Change
Net Income	$93.5M	+$21.9M	$96.7M	$(3.0)M
Diluted EPS	$1.84	+$0.50	$1.91	+$0.05
Pre-tax Margin	15.4%	(0.6) pts.	15.9%	(6.3) pts.

"Through back-to-back hurricanes in Hawai'i and a typhoon in Japan, my colleagues minimized disruptions to operations, kept our guests safe, and supported community relief efforts all while delivering our authentic Hawaiian hospitality that is unmatched in the industry," said Peter Ingram, Hawaiian Airlines president and CEO. "Our healthy financial and operational performance in this eventful quarter once again demonstrated that the Hawaiian team is second to none."

Statistical information, as well as a reconciliation of the non-GAAP financial measures, can be found in the accompanying tables.

Shareholder Returns, Liquidity and Capital Resources

The Company returned $37.3 million to shareholders in the third quarter through $31.2 million in shares repurchased and $6.1 million in dividends paid.

On October 19, 2018 the Company's Board of Directors declared a quarterly cash dividend of 12 cents per share to be paid on November 30, 2018 to all shareholders of record as of November 16, 2018.

As of September 30, 2018, the Company had:


•	Unrestricted cash, cash equivalents and short-term investments of $591 million


•	Outstanding debt and capital lease obligations of $718 million

The following information was filed by Hawaiian Holdings Inc (HA) on Tuesday, October 23, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1172222/000117222218000063/ha-09302018x10q.htm

View differences made from one quarter to another to evaluate Hawaiian Holdings Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Hawaiian Holdings Inc.

Continue

Assess how Hawaiian Holdings Inc's management team is paid from their Annual Proxy

Hawaiian Holdings Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Rating
Learn More

Filter Sentiment:

All

Positive

Negative

Filter Category:

All

Financial

Revenue

Other

Filter Subcategory:

All

Expense

Cash Flow

Geography

Product

Income

Other

Inside Hawaiian Holdings Inc's 10-Q Quarterly Report:

Financial - Expense Highlight
The decrease in expense was primarily attributable to the termination of the Merged Plan and partial settlement of the pilots other post-retirement medical plan liability in August 2017.

Financial - Cash Flow Highlight
We had higher operating cash flows in 2018 as a result of the terminated Merged Plan and partial settlement of our pilots other post-retirement medical plan in 2017 as discussed above and in Note 11.
Financial - Expense Highlight
We believe economic fuel expense is a good measure of the effect of fuel prices on our business as it most closely approximates the net cash outflow associated with the purchase of fuel for our operations in a period and is consistent with how our management manages our business and assesses our operating performance.
Financial - Expense Highlight
Aircraft rent expense decreased by $3.4 million, or 9.7% and $9.4 million, or 9.1%, for the three and nine months ended September 30, 2018, respectively as compared to the prior year periods.
Financial - Expense Highlight
Net nonoperating expense decreased by $55.0 million, or 101.7%, and $97.7 million, or 117.6% for the three and nine months ended September 30, 2018, respectively, as compared to the prior year periods.
Financial - Expense
The increase was a direct...Read more
Other - Other
As of September 30, 2018,...Read more
Financial - Expense
The decrease in expense was...Read more
Other - Other
In November 2017, our Board...Read more
Financial - Expense
As described below under Contract...Read more
Financial - Expense
We define economic fuel expense...Read more
Financial - Expense
On a per ASM basis,...Read more
Financial - Expense
Other expenses increased by $16.6...Read more
Financial - Cash Flow
We generated positive cash flows...Read more
Revenue - Geography
Unrealized loss gain on foreign...Read more
Other - Other
We further enhanced our comprehensive...Read more
Revenue - Product
During the three and nine...Read more
Other - Other
The agreement became effective April...Read more
Financial - Expense
During the period, there was...Read more
Other - Other
As of September 30, 2018,...Read more
Other - Other
The agreement included, among other...Read more
Other - Other
On April 1, 2017, our...Read more
Financial - Expense
We believe this is a...Read more
Financial - Expense
We have listed separately in...Read more
Revenue - Product
For the three and nine...Read more
Revenue - Product
For the three and nine...Read more
Revenue - Product
For the three and nine...Read more
Financial - Income
The effective tax rate for...Read more
Other - Other
Together with Japan Airlines, we...Read more
Other - Other
air traffic liability, which would...Read more
Other - Other
Our effective tax rate was...Read more
Other - Other
During the three and nine...Read more
Financial - Expense
Operating Costs per Available Seat...Read more
Other - Other
The value of the ticket...Read more
Financial - Expense
See Item 3, Quantitative and...Read more
Financial - Income
Item 2 Managements Discussion and...Read more
Other - Other
The agreement includes, among various...Read more
Revenue - Product
CASM and CASM-excluding aircraft fuel,...Read more
Financial - Expense
Depreciation and amortization expense increased...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Hawaiian Holdings Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract

Exhibit 10.2: Material Contract

Exhibit 12: Statement Regarding Calculation Of Ratios

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: HA
CIK: 1172222
Form Type: 10-Q Quarterly Report
Accession Number: 0001172222-18-000063
Submitted to the SEC: Wed Oct 24 2018 4:23:31 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Air Transportation Scheduled

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/ha/0001172222-18-000063.htm

Hawaiian Holdings Inc (HA) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

SEC Filings

HA Valuations

HA Annual Reports

HA Quarterly Reports

HA Corporate News