In an update to investors, Hawaiian Holdings, has commented that its expects its capacity for the quarter ending June 30, 2022 to be down approximately 11.5% to 13.5% compared to the second quarter of 2019, Hawaiian had expected second quarter 2022 capacity to be down approximately 11.5% to 14.5%.
Hawaiian now expects its total revenue for the quarter ending June 30, 2022 to improve from the first quarter of 2022 and to be down approximately 4.5% to 7.5% compared to the second quarter of 2019. Prior guidance was for second quarter 2022 expected revenue to be down approximately 8% to 12%. The improvement is primarily due to improved domestic yields.
Costs per available seat mile (CASM) excluding fuel and non-recurring items for the quarter ending June 30, 2022 are expected to improve from the first quarter ending March 31, 2022 and to be up approximately 15.5% to 17.5% compared to the second quarter of 2019. The improvement is primarily due to changes in maintenance costs, including some timing shifts out of the quarter, as well as general improvements in other areas.
Hawaiian’s outlook for adjusted EBITDA for the quarter ending June 30, 2022 is now $(20) to $30 million, while its prior guidance was for adjusted EBITDA for the second quarter to be $(50) million to $10 million.
Hawaiian has also announced that it will resume service to Tokyo Haneda Airport on August 1, 2022.