Hawaiian Holdings Inc. announced its system-wide traffic statistics for the month of April and the year to date. For the month, the company reported passengers transported of 772,346 compared to 720,747 a year ago. Revenue passenger miles was 1,049,111,000 compared to 882,489,000 a year ago. Available seat miles was 1,353,540,000 compared to 1,074,731,000 a year ago. Load factor was 77.5% compared to 82.1% a year ago. For the year-to-date, the company reported passengers transported of 3,171,192 compared to 2,939,277 a year ago. Revenue passenger miles was 4,259,743,000 compared to 3,513,931,000 a year ago. Available seat miles was 5,319,319,000 compared to 4,216,072,000 a year ago. Load factor was 80.1% compared to 83.3% a year ago.

Hawaiian Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total operating revenue of $490,754,000 against $435,494,000 a year ago. Operating loss was $11,926,000 against operating income of $12,900,000 a year ago. Loss before income taxes was $27,379,000 against income before income taxes of $11,859,000 a year ago. Net loss was $17,145,000 or $0.33 per basic and diluted share against net income of $7,258,000 or $0.14 per basic and diluted share a year ago. CapEx in the quarter was $36 million, which included $27 million related to payments for upcoming aircraft and engine deliveries, and $9 million unrelated to air -- to unrelated to aircraft purchases. The company provided earnings guidance for the second quarter ending June 30, 2013 and the full year ending December 31, 2013. For the second quarter, the company expects cost per ASM excluding fuel is down 7.5% to down 4.5% compared to 8.74 cents for the second quarter 2012 actual results. Passenger revenue per ASM is down 10% to down 7% compared to 12.59 cents for the second quarter 2012 actual results. Operating revenue per ASM is down 10% to down 7% compared to 13.90 cents for the second quarter 2012 actual results. Passenger revenue per RPM is down 7% to down 4% compared to 14.98 cents for the second quarter 2012 actual results. Passenger load factor is down 3.5 points to down 1.5 points compared to 84.0% for the second quarter 2012 actual results. ASMs up 20% to up 23% compared to 3,487.0 million for the second quarter 2012 actual results. Gallons of jet fuel consumed up 17.5% to up 20.5% compared to 47.3 million for the second quarter 2012 actual results. In the second quarter, CapEx should be in the $150 million to $160 million range with approximately 80% related to aircraft and aircraft related items with 3 A330s expected to be delivered during the quarter. For the full year, the company expects cost per ASM excluding fuel is down in the low single digits compared to 8.18 cents for the second quarter 2012 actual results. ASMs up 13.5% to up 16.5% compared to 14,687.5 million for the second quarter 2012 actual results. The company continues to expect full year CapEx to be within the $340 million to $350 million range. Reflective of its recent financings, the company would expects interest expense to increase by about $1 million sequentially from the first quarter to the second quarter. The expected increase is due to debt financing for its A330s, one of the April delivers and the expected June delivery. Its full year effective tax rate is expected to be in the 39% to 41% range.

Hawaiian Holdings Inc., Q1 2013 Earnings Call, Apr 23, 2013