Hawaiian Airlines has adjusted its fourth-quarter (4Q) guidance, reflecting slightly weaker unit revenue and lower costs.
The airline now expects 4Q unit revenue will be down 3%-5% year-over-year. Hawaiian’s previous guidance, issued Oct. 28, estimated unit revenue would range between down 2.5% to up 0.5% for the quarter.
The revised projection is the result of “lower than expected market pricing on its North America routes, and lower than expected demand within its neighbor island network,” Hawaiian said.
Growth in visitor numbers to Hawaii from the mainland US “remains positive, but at a slower pace than industry capacity growth.”
Guidance for 4Q unit costs excluding fuel was also adjusted downward. Unit costs excluding fuel, previously projected to be down 2% to up 1%, are now expected to be down 1%-3%…
