Hawaiian Airlines updates expected Q3 metrics

Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), said it has announced its system-wide traffic statistics for the month of September, third quarter, and year to date and updated its expectations for certain third quarter financial metrics.

The company said it has revised its expectations provided in its second quarter earnings release on July 28, 2015.

The company now expects its costs per available seat mile (ASM) excluding fuel for the quarter ending September 30, 2015 to improve relative to prior guidance.

Also, the company´s operating revenue per ASM for the quarter ending September 30, 2015 is on the favorable end of the prior guidance range.

The company said that economic fuel expense is the best measure of the effect of fuel prices on the business as it most closely approximates the net cash outflow associated with the purchase of fuel for operations in a period and is consistent with how management manages the business and assesses operating performance.

Hawaiian® has led all US carriers in on-time performance for each of the past 11 years (2004-2014) as reported by the US Department of Transportation. Consumer surveys by Conde Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian the highest of all domestic airlines serving Hawai´i.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA).