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Hawaiian Airlines faces capacity competition while its focuses on building balance sheet strength

22nd May, 2015

Hawaiian Airlines is bracing for industry capacity increases on its North American routes during 2Q2015 ahead of the debut of new flights by Virgin America in 2H2015. At the same time the airline’s international routes are facing some pressure due to the elimination of fuel surcharges and currency fluctuations.

Despite those challenges Hawaiian maintains a bullish outlook for 2015 as it works to leverage its dominant position in the inter-island market and embarks on a course of de-levering its balance sheet now that it is taking a breather in aircraft deliveries and long-haul expansion.

After stating in late 2014 that it was examining various forms of capital allocation, Hawaiian has outlined a USD100 million share purchase programme now that it has achieved certain balance sheet targets, which provided the airline some flexibility to consider alternative uses of cash.

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Volaris Update

US transborder demand from Mexico is holding up well saysVolaris director commercial strategy Manuel Ambriz even as the Mexican peso has depreciated significantly. Ethnic demand remains pretty strong, he says. Volaris launches its first service to Central America with the introduction of flights to Guatemala in Jun-2015, and Mr Ambriz says Volaris is “definitely looking into more destinations in the future.

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