Hawaiian (HA) Dec. Traffic Increases 7.5%, Capacity Up 5.4%

Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), welcomed a record 11,050,911 guests in 2016, a 3.5 percent increase over the previous year. Hawai'i's largest and longest-serving airline today announced its system-wide traffic statistics for the month, quarter and full year ending December 2016.

The record passenger count in 2016 marks 12 straight years of growth as the airline continues to expand its network and fleet, providing travelers with more options to fly to and within the Hawaiian Islands than any other carrier.

In July Hawaiian launched daily non-stop service between Narita and Honolulu international airports, and last month it inaugurated triweekly service between Haneda and Kona international airports. This past summer Hawaiian added one A330-200 aircraft (bringing the company's A330 fleet to 23), and took delivery of two Boeing B717-200s in November and December for a total of 20 of the aircraft type. The company also operates eight Boeing 767s on transpacific routes and three turboprop ATR-42 through its interisland subsidiary, 'Ohana by Hawaiian.

The carrier has recently unveiled several product investments to enhance the flight experience, including the debut of a new Premium Cabin featuring lie-flat seating and luxury amenities, additional Extra Comfort seating, and a first-class auction upgrade service called Bid Up.

Fourth Quarter 2016 Guidance

The Company expects to recognize a $5 million non-cash loss in non-operating expense from the translation of its foreign currency denominated bank accounts.

In December, the Company announced its intention to early retire its fleet of Boeing 767 aircraft by the end of 2018 resulting in a non-cash impairment charge of approximately $45 - $50 million. In addition, the Company completed an agreement with a third-party maintenance vendor for its Boeing 767 aircraft and expects to record an additional financial charge of approximately $21 million.

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