Hawaiian Holdings expects improved unit cost excl fuel, revises down yield

Hawaiian Airlines parent Hawaiian Holdings revised (04-Sep-2012) its forecast for three months ending 30-Sep-2012, with the company now expecting operating costs per ASM excluding fuel to improve in 3Q2012 and FY2012, both of which are expected to decline in the range of -5.0% to -2.0%. The improvement in the company's CASM excluding fuel is attributable to increased certainty around the costs related to several specific engine maintenance events that will reduce the company's expected maintenance costs in 3Q2012. Details include:

• Cost per ASM excl fuel: -5.0% to -2.0%, compared to previous guidance of -3.5% to -0.5%;
• Passenger revenue per ASM: -4.5% to -1.5%, compared to previous guidance of -1.5% to +1.5%;
• Operating revenue per ASM: -4.5% to -1.5%, compared to previous guidance of -2.5% to +0.5%;
• Passenger revenue per RPM: -4.0% to -1.0%, compared to previous guidance of -1.5% to +1.5%. [more - original PR]