SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 9, 2017
HAWAIIAN HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
3375 Koapaka Street, Suite G-350
Honolulu, HI 96819
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On January 9, 2017, the Registrant issued a press release reporting its system wide traffic statistics for the month of December, for the fourth quarter and for 2016 year-to-date. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.
None of the information furnished in this report (including Exhibit 99.1) shall be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and unless expressly set forth by specific reference in such filings, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.
Item 9.01 Financial Statements and Exhibits.
Press Release dated January 9, 2017.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HAWAIIAN HOLDINGS, INC.
Date: January 9, 2017
/s/ Shannon L. Okinaka
Name: Shannon L. Okinaka
Title: Executive Vice President, Chief Financial Officer and Treasurer
Press Release dated January 9, 2017.
FOR IMMEDIATE RELEASE
Monday, January 9, 2017
INVESTOR RELATIONS CONTACT:
Ashlee Kishimoto (808) 838-5421
MEDIA RELATIONS CONTACT:
Alison Croyle (808) 835-3886
Hawaiian Airlines Carries Record 11 Million Passengers in 2016
HONOLULU – Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), welcomed a record 11,050,911 guests in 2016, a 3.5 percent increase over the previous year. Hawai’i's largest and longest-serving airline today announced its system-wide traffic statistics for the month, quarter and full year ending December 2016.
The record passenger count in 2016 marks 12 straight years of growth as the airline continues to expand its network and fleet, providing travelers with more options to fly to and within the Hawaiian Islands than any other carrier.
In July Hawaiian launched daily non-stop service between Narita and Honolulu international airports, and last month it inaugurated triweekly service between Haneda and Kona international airports. This past summer Hawaiian added one A330-200 aircraft (bringing the company’s A330 fleet to 23), and took delivery of two Boeing B717-200s in November and December for a total of 20 of the aircraft type. The company also operates eight Boeing 767s on transpacific routes and three turboprop ATR-42 through its interisland subsidiary, ‘Ohana by Hawaiian.
The carrier has recently unveiled several product investments to enhance the flight experience, including the debut of a new Premium Cabin featuring lie-flat seating and luxury amenities, additional Extra Comfort seating, and a first-class auction upgrade service called Bid Up.
Revenue Passenger Miles; one paying passenger transported one mile
Available Seat Miles; one seat transported one mile
Load Factor; percentage of seating capacity filled
1 Includes the operations of contract carriers under capacity purchase agreements.
Fourth Quarter 2016 Guidance
The Company expects to recognize a $5 million non-cash loss in non-operating expense from the translation of its foreign currency denominated bank accounts.
In December, the Company announced its intention to early retire its fleet of Boeing 767 aircraft by the end of 2018 resulting in a non-cash impairment charge of approximately $45 - $50 million. In addition, the Company completed an agreement with a third-party maintenance vendor for its Boeing 767 aircraft and expects to record an additional financial charge of approximately $21 million.
About Hawaiian Airlines
Hawaiian® has led all U.S. carriers in on-time performance for each of the past 12 years (2004-2015) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian the highest of all domestic airlines serving Hawai‘i.
Now in its 88th year of continuous service, Hawaiian is Hawai‘i’s biggest and longest-serving airline, as well as the largest provider of passenger air service from its primary visitor markets on the U.S. Mainland. Hawaiian offers non-stop service to Hawai‘i from more U.S. gateway cities (11) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaiian also provides approximately 160 jet flights daily between the Hawaiian Islands, with a total of more than 200 daily flights system-wide.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow updates on Twitter about Hawaiian (@HawaiianAir) and its special fare offers (@HawaiianFares), and become a fan on its Facebook page (Hawaiian Airlines).
For media inquiries, please visit Hawaiian Airlines’ online newsroom.