Hawaiian Holdings (HA) Misses Q1 EPS by 1c

Hawaiian Holdings (NASDAQ: HA) reported Q1 EPS of ($0.74), $0.01 worse than the analyst estimate of ($0.73). Revenue for the quarter came in at $559.14 million versus the consensus estimate of $562.89 million.

Second Quarter 2020

Due to the uncertain timing of the relaxation of travel and quarantine restrictions, the Company is unable to provide detailed guidance related to capacity expectations for the quarter ending June 30, 2020. April 2020 capacity, in terms of available seat miles (ASMs), is expected to be approximately 94% below the capacity flown in April 2019, and the Company expects May 2020 capacity to decrease 91% compared to the same period last year. As a significant portion of the Company's costs are fixed, operating expenses are not expected to decline at the same pace as the capacity decline.

For earnings history and earnings-related data on Hawaiian Holdings (HA) click here.

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