Hawaiian Holdings Reports 4Q FY2022 Earnings Results on January 31, 2023.
April 8, 2023
Earnings Overview
On January 31 2023, HAWAIIAN HOLDINGS ($NASDAQ:HA) reported its earnings results for the fourth quarter of FY 2022, ending December 31 2022. The company saw a 45.8% year-over-year increase in total revenue for the quarter, recording USD -50.2 million. Additionally, their net income also had a 47.8% increase year-over-year, totaling USD 731.0 million.
Transcripts Simplified
Hawaiian Holdings reported an adjusted EBITDA loss of $31.0 million for the full-year and an adjusted loss of $0.49 per share for the fourth quarter. The company has amended its deal with Boeing, which increased the order from 10 to 12 aircraft. Capital expenditures for 2023 are expected to be in the range of $290 million to $300 million for aircraft related CapEx and $40 million to 80 million for non-aircraft related costs. Hawaiian Holdings is focused on increasing productivity and revenue generating capability in order to address cost inflation.
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 | -7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hawaiian Holdings. More…
| Operations | Investing | Financing |
| -57.75 | -15.02 | -188.43 |
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 |
| 4.14k | 3.81k | 6.48 |
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 |
| -4.0% | -37.1% | -3.1% |
Stock Price
On Tuesday, January 31, 2023, Hawaiian Holdings reported their fourth-quarter FY2022 earnings results. The stock opened at $11.8 and closed the day at $12.3, representing an increase of 4.8% from the prior closing price of $11.8. Hawaiian Holdings has been steadily growing in recent years and their fourth-quarter performance is further evidence of this. The company has continued to improve its financial performance and remains well-positioned for future growth.
Investors have reacted positively to the news, with shares rising in value on the day of the announcement. As Hawaiian Holdings continues to grow, investors will be closely monitoring its performance in the coming quarters. Live Quote…
Analysis
GoodWhale has analyzed the fundamentals of HAWAIIAN HOLDINGS and classified it as ‘rhino’. This type of company is one that has achieved moderate revenue or earnings growth. Investors who may be interested in this type of company are those looking for a steady return on their investment, but not necessarily seeking large returns. When it comes to financial health, HAWAIIAN HOLDINGS has an intermediate score of 4/10. This means that the company is likely to safely ride out any crisis without the risk of bankruptcy. In terms of its overall financials, HAWAIIAN HOLDINGS is strong in terms of assets, medium in terms of profitability and weak in terms of dividends and growth. More…
Peers
The airline industry is a highly competitive one, with many carriers vying for market share. Among these is Hawaiian Holdings Inc, which competes against Spirit Airlines Inc, Alaska Air Group Inc, and JetBlue Airways Corp. All of these companies are striving to provide the best service and most competitive prices to their customers.
– Spirit Airlines Inc ($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
Hawaiian Holdings, Inc. has recently released its financial results for the fourth quarter of 2022, revealing significant growth in both revenue and net income. Total revenue for the quarter was USD 50.2 million, a 45.8% increase from the same period last year, while net income saw a 47.8% increase to USD 731.0 million. This positive news led to an immediate stock price increase, suggesting a strong outlook for investors of the company. Based on this impressive quarter, Hawaiian Holdings appears to be a solid long-term investment opportunity with potential for further growth in the future.
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