Hawaiian Holdings Reports 45.8% Increase in Revenue in Q4 of FY2022
February 20, 2023
Earnings Overview
On January 31 2023, HAWAIIAN HOLDINGS ($NASDAQ:HA) reported its earnings results for the fourth quarter of FY2022, with a total revenue of -50.2 million US dollars, an increase of 45.8% compared to the same quarter in the prior year. Net income rose by 47.8%, reaching 731.0 million US dollars.
Transcripts Simplified
Hawaiian Holdings, Inc. reported its fourth quarter and full-year results for 2022, with an adjusted EBITDA of $25.6 million and an adjusted EBITDA loss of $31.0 million, respectively. The company discussed several initiatives such as amending its deal with Boeing to include 12 aircraft, increasing its capital expenditures for 2023 and investing in technology and facility initiatives, as well as a focus on improving productivity to offset cost inflation caused by the pandemic.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hawaiian Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.64k | -240.08 | -6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hawaiian Holdings. More…
| Operations | Investing | Financing |
| -84.01 | -936.3 | 683.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hawaiian Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.21k | 3.86k | 6.76 |
Key Ratios Snapshot
Some of the financial key ratios for Hawaiian Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.3% | -13.4% | -7.7% |
| FCF Margin | ROE | ROA |
| -4.5% | -36.4% | -3.0% |
Stock Price
On Tuesday, Hawaiian Holdings, the parent company of Hawaiian Airlines, reported 45.8% increase in revenue for the fourth quarter of FY2022. The stock opened at $11.8 and closed at $12.3, up by 4.8% from the prior closing price of $11.8. This increase in stock value reflects investors’ confidence in Hawaiian Holdings’s financial health and their ability to survive and eventually thrive after the pandemic. Hawaiian Holdings’s CEO Peter Ingram said, “The strong results demonstrate our team’s successful execution across our business, as well as the strength of our network and our product offering,” He also cited several factors that led to the revenue growth including a larger focus on leisure travel, an increase in cargo operations, and improved customer service.
All in all, Hawaiian Holding reported strong numbers for the fourth quarter of FY2022, boosted mainly by its efforts to turn around its financial health and recover from the impacts of the pandemic. Investors can be encouraged by these positive results and can expect to see further turnaround as Hawaiian Holdings rolls out more strategies to further boost their revenue and profitability in the future. Live Quote…
Analysis
GoodWhale can help you analyze HAWAIIAN HOLDINGS to make a more informed investment decision. We provide you with a Risk Rating score based on our assessment of the company’s financial and business aspects. HAWAIIAN HOLDINGS has been assigned a medium risk rating, which means it is considered a moderate investment risk. Furthermore, GoodWhale has identified two risk warnings in the income statement and cashflow statement of HAWAIIAN HOLDINGS. Register with us and you’ll have access to more detailed information about the company, including an in-depth analysis of the financials and an assessment of the risks associated with this investment. More…
Peers
The airline industry is a highly competitive one, with many carriers vying for market share. Among these is Hawaiian Holdings Inc, which competes against Spirit Airlines Inc, Alaska Air Group Inc, and JetBlue Airways Corp. All of these companies are striving to provide the best service and most competitive prices to their customers.
– Spirit Airlines Inc ($NYSE:SAVE)
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– Alaska Air Group Inc ($NYSE:ALK)
Alaska Air Group Inc is an air transportation holding company with subsidiaries providing scheduled air transportation in the United States and other countries, cargo transportation services, and aircraft leasing. The Company’s operating segments include Alaska, Virgin America, and Horizon. As of December 31, 2016, it operated a fleet of 315 aircrafts with an average age of 8.6 years. The Company serves more than 100 cities through an expansive network in the United States, Canada, Costa Rica, and Mexico.
– JetBlue Airways Corp ($NASDAQ:JBLU)
Blue Airways is an airline company with a market cap of $2.37 billion as of 2022. The company has a return on equity of -6.48%. Blue Airways is a low-cost carrier that operates in the United States. The company was founded in 1999 and is headquartered in New York City.
Summary
Investors in Hawaiian Holdings (HAW) will be pleased to see the strong earnings results for FY2022 Q4. Total revenue increased 45.8% from the same period in the previous year to -50.2 million and net income grew 47.8% to 731.0 million USD. Stock price reacted positively on the news, rising on the day of the announcement.
This suggests investors remain confident in HAW’s long-term performance, which has been buoyed by solid financial returns over the past 12 months. Although a more detailed analysis is necessary to make an informed investment decision, initial signs suggest HAW’s performance will remain strong in the immediate future.
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