Hawaiian revises upwards Q2 PRASM guidance

Washington DC
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Hawaiian Airlines has revised upwards its guidance for passenger revenue per available seat mile (PRASM) in the second quarter, citing strong demand during the period.

It now expects PRASM to grow by 4% to 6%, up from the previous guidance of 2% to 5%. Operating revenue per ASM is expected to increase by 3% to 5%, instead of 1% to 4%.

The airline forecasts that its second quarter load factor will fall by 1% or grow by up to 1%, compared with falling by 0.5% to 2.5%.

"The improvements in the company's passenger and operating revenue per ASM and passenger load factor are attributable to demand strength throughout the company's network, with expected improvement relative to previous guidance for its international routes," says the airline.

Hawaiian's cost per ASM excluding fuel and lease termination costs is now expected to grow by 0.5% to 2.5%, instead of falling by 1% or growing by up to 1%.

Maintenance costs increases due to previously unanticipated engine overhaul costs were cited as the reason behind the higher costs.