Hawaiian Holdings Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Operating Guidance for the First Quarter of 2016 and Operating and CapEx Guidance for Full Year 2016
For the full year, the company reported net income of $182,646,000 or $2.98 per diluted share compared to $68,926,000 or $1.10 per diluted share for the same period a year ago. Income before income taxes was $295,688,000 compared to $113,447,000 for the same period a year ago. Operating income was $426,103,000 compared to $245,132,000 for the same period a year ago. Total operating revenue was $2,317,467,000 compared to $2,314,879,000 for the same period a year ago. For the full year, adjusted net income was $189,272,000 or $3.09 per diluted share compared to $97,121,000 or $1.55 per diluted share in the prior year. Adjusted income before income taxes was $306,731,000 compared to $160,439,000 for the same period a year ago. EBITDAR was $572,600 and adjusted EBITDAR was $583,643.
For the quarter, the company announced revenue passenger flown of 2,655 compared to 2,554 a year ago. Revenue passenger miles were 3,634,033 rpm compared to 3,508,723 rpm a year ago. Available seat miles were 4,383,706 asm compared to 4,266,924 asm a year ago. Passenger revenue per RPM was 13.76 cents compared to 14.34 cents a year ago. Passenger load factor was 82.9% compared to 82.2% a year ago. Passenger revenue per asm was 11.41 cents compared to 11.79 cents a year ago. Operating revenue per ASM was 13.07 cents compared to 13.47 cents a year ago.
For the full year 2015, the company announced revenue passenger flown of 10,665 compared to 10,191 a year ago. Revenue passenger miles were 14,450,564 rpm compared to 13,910,804 rpm a year ago. Available seat miles were 17,710,309 asm compared to 17,062,264 asm a year ago. Passenger revenue per RPM was 14.02 cents compared to 14.70 cents a year ago. Passenger load factor was 81.6% compared to 81.5% a year ago. Passenger revenue per asm was 11.41 cents compared to 11.79 cents a year ago. Operating revenue per ASM was 13.07 cents compared to 13.56 cents a year ago.
For the first quarter of 2016, the company expects operating revenue per ASM to be down 1.5% to up 1.5%. ASMS are expected to be up 2.5% to up 4.5%.
For the full year 2016, the company expects ASMS to be up 2.5% to up 5.5%. The company expects CapEx to be lower than the peak in 2014 but higher than 2015 to a range of $160 million to $170 million.