Hawaiian Holdings Inc. (NASDAQ:HA) Q1 2018 Earnings Conference Call - Final Transcript

Apr 24, 2018 • 04:30 pm ET


Hawaiian Holdings Inc. (NASDAQ:HA) Q1 2018 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Hawaiian Holdings, Incorporated First Quarter Fiscal Year 2018 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Daniel Wong, Senior Director of Investor Relations.

Daniel Wong

Thank you, operator. Hello, everyone, and welcome to Hawaiian Holdings First Quarter 2018 Earnings Call. Here with me in Honolulu are Peter Ingram, President and Chief Executive Officer; Shannon Okinaka, Chief Financial Officer; and Brent Overbeek, Senior Vice President of Revenue Management and Network Planning. Also in the room with us are members of our senior management team to participate in the Q&A as needed.

Peter will open the call with an overview of the business, next, Brent will share an update on our revenue performance and outlook, Shannon will then discuss our costs performance and outlook, and we'll then open the call up for questions, and Peter will end with some closing remarks.

By now, everyone should have access to the press release that went out at about 4:00 Eastern Time today. If you've not received the release, it is available on the Investor Relations page of our website, hawaiianairlines.com.

During our call today, we will refer at times to adjusted or non-GAAP numbers and metrics. A detailed reconciliation of GAAP to non-GAAP numbers and metrics can be found in our press release as well as on the Investor Relations page of our website. And as a reminder, the following prepared remarks contain forward-looking statements, including statements about our future plans and potential future financial and operating performance, and management may make additional forward-looking statements in response to your questions. These statements are subject to risks and uncertainties and do not guarantee future performance, and therefore, undue reliance should not be placed upon them.

For a more detailed discussion of the factors that could cause actual results to differ materially from those projected in any forward-looking statement, we refer you to Hawaiian Holdings' recent filings with the SEC, including the most recent annual report filed on Form 10-K as well as reports filed on form 8-K.

And with that, I'll now turn the call over to Peter.

Peter Ingram

Thank you, Daniel, and aloha, everyone. I'm honored to be leading this earnings call, my first since taking over the reins as CEO of Hawaiian Airlines. I am blessed to have a wonderful group of colleagues throughout the business who have helped to make our leadership transition as seamless as possible. They deliver unparalleled hospitality to our guests and are the heart and soul of our business, which translates into outstanding results for our investors.

We have a lot going on in the business right now and tremendous opportunities for the future. There is nowhere I would rather be.

2018 is off to a great start. Our operating revenue and adjusted earnings per share results were records for the March quarter.