Hawaiian revises Q3 cost and revenue guidance

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Hawaiian Airlines revised down its cost and revenue guidance for the third quarter, in an investor update today.

The Honolulu-based carrier anticipates that costs per available seat mile (Casm) excluding fuel will be down between 2% and 5% compared to the same period in 2011 to 8.18 cents during the third quarter, according to the update. It anticipated an increase of 0.5% to a decrease of 3.5% in July.

Hawaiian attributed the improved costs to certainty of engine maintenance expenses during the quarter, in the update.

The airline expects passenger revenue per available seat mile (Prasm) to decrease 1.5% to 4.5% compared to a year earlier to 13.05 cents due to lower load factors on routes to the US mainland and select international markets. It anticipated an increase by 1.5% to a decrease by 1.5% in yield in July.

Hawaiian also expects full year Casm to be down between 2% to 5% compared to 2011 to 8.7 cents. It anticipated that full year costs would be down 1.5% to 4.5% in July.