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read more</s>A volcanic eruption in Hawaii will likely dent bookings and revenue in the second quarter, Hawaiian Airlines said.

A powerful eruption at Hawaii's Kilauea volcano started early last month, forcing evacuations of nearby residents. Hundreds of homes have been destroyed.

Hawaiian said it expects second-quarter revenue for each seat it flies a mile, a key industry metric, will come in 0.5 percent lower to 1.5 percent higher than it did a year ago. The airline previously estimated revenue would be flat to up as much as 3 percent.

The airline also warned about higher-than-expected fuel costs, an issue that has hit the airline industry broadly.

Hawaiian's shares were off nearly 1 percent in after-hours trading.</s>Hawaiian Airlines announced that no operational issues with their flights are being caused by the eruptions on Kīlauea; however, the air carrier is making slight schedule changes effective July 2018.

“Starting next month, we are eliminating one evening round-trip flight per day (out of 15) to and from Hilo, and one evening and one morning round-trip per day (out of 23) to and from Kona,” said Alex Da Silva, senior manager, external communications, for Hawaiian Airlines. “We are taking flights out of periods that have enough frequency to allow us to maintain the robust schedule of flying that our residents, in particular, expect.”

“When the changes take effect in July, Hawaiian will still fly 14 HNL-ITO-HNL frequencies, between 5 a.m. and 8:30 p.m., and 21 HNL-KOA-HNL frequencies, between 5 a.m. and 9:50 p.m,” said Da Silva. “We have not seen operational disruption at our airports due to the volcano and continue to encourage those who wish to visit Hawai’i Island to do so.”</s>Despite over a million onboard passengers in May, a record for the month, Hawaiian Airlines revised its guidance for second-quarter revenue downward, citing “a reduction in the pace of domestic bookings following an increase in volcanic activity on the Big Island of Hawaii.”

Lava flows, volcanic explosions and earthquakes continue to plague the region surrounding Hawaii’s Kīlauea volcano since fissures and lava first appeared following a magnitude 6.9 earthquake May 4.

With its reported—but unspecified—decline in domestic bookings, Hawaiian revised its 2Q 2018 operating revenue per available seat mile (RASM) guidance downward, to between a 0.5% drop to a 1.5% gain. In its previous 2Q guidance, Hawaiian forecast 2Q RASM to be between flat and up 3%, compared to 2Q 2017. Hawaiian’s 2Q 2017 RASM was 14.26 cents.

Hawaiian also revised its 2Q operating cost per available seat mile (CASM) excluding fuel and special items upward, to between a 5% and 7% rise, compared to its earlier 4%-7% guidance. Hawaiian said the revision in its adjusted CASM expectations was associated primarily with two specific items—an unscheduled maintenance event for one of its Airbus A330-200s, and a one-time expense pertaining to an interim agreement with Hawaiian’s flight attendants labor group related to the company’s intent to purchase 10 Boeing 787-9 aircraft. Inclusion of the new aircraft into Hawaiian’s labor contracts with its pilots and flight attendants is required prior to final approval of the purchase by Hawaiian’s board of directors. Hawaiian signed a letter of intent to purchase the 787-9s March 6.

Additionally, Hawaiian raised its guidance for gallons of jet fuel to be consumed in 2Q 2018 to rise between 6% and 7% year-over-year (YOY), changed from its prior 5% to 7% increase projection. Hawaiian updated its 2Q economic fuel cost per gallon projection as well, to between $2.05 to $2.10, up a nickel on its lower end from Hawaiian’s earlier projection, and based on the fuel forward curve as of June 8, the company said. Subsequently, Hawaiian also revised its full-year 2018 economic fuel cost per gallon, from $1.97 to $2.07 in its original full-year 2018 guidance to $2.05 to $2.15.

Hawaiian is estimating its adjusted CASM (ex-fuel and special items) for the second quarter will come to between 9.44¢ and 9.62¢. The company expects its 2Q capacity will be between 4.97 billion and 5.07 billion ASMs.

In May, Hawaiian’s total system traffic rose 5.6% YOY to 1.4 billion RPMs as capacity grew 6.5% to 1.7 billion ASMs, resulting in an 85.9% load factor for the month, down 0.8 point YOY.</s>Aloha, I’m Meteorologist Malika Dudley. We are with Blue Hawaiian Helicopters about to take an overflight of the East Rift Zone (June 11, 2018) with a couple residents who believe their homes have been lost to the lava.

Today we survey their properties for closure and peace of mind, but we start with an update on the status of the Kīlauea eruption.

It is day 40 with still no end in sight. Mayor Harry Kim said 600 to 700 homes have been taken, 410 residents are in shelters. Officials from Hawai‘i County Parks & Recreation are doing what they can to keep spirits high with a car show and Father’s Day event planned for this weekend.

At least one father is mourning the loss of future memories. Neekowee Clearwater was raised in Puna. His childhood home was taken by lava in Kalapana. On May 20, what he hoped would be their forever home, was also taken.

“The place was so perfect to grow up in,” he said. “Me being in a better position than my parents, I was really excited to be able to raise my kid there.”

Big Island girl Kaiulani Leialoha shares those same sentiments. She was raised in Leilani Estates in the home her father built.

“It’s kinda like my whole childhood is wiped out,” she said. “That’s not something I can share with my son later. I can’t take him to those beaches that we went to or even the street that I grew up on. It’s all gone.”

“He got pictures of the lava coming in right at the front gate and right at her mailbox and by that early evening it already went past her lot and it slowly went to her neighbor.”

Fissure 8 now consists of three closely spaced lava fountains. It is the longest producing fissure which continues to feed a channelized flow that reaches the ocean in the Kapoho Bay area.

Where Kapoho Bay once was, there’s a new lava delta now about 200 acres in size. At its widest, the lava channel from Fissure 8 is the length of six olympic sized pools. USGS scientists saying there’s no way of knowing when this eruption will end.

One thing that is certain, this community is resilient. Right now, twenty micro-units homes are going up in Pāhoa with plans for 30 more. Donations are pouring in from around the globe and here at Blue Hawaiian Helicopters every weekend this month they are doing $40 flights with 100% of proceeds Pu’uhonua O Puna.</s>"Hawaiian Airlines is honored to receive the first U.S. produced A320neo Family aircraft," said Jon Snook, executive vice president and chief operating officer at Hawaiian Airlines. "We look forward to expanding our fleet with this fuel-efficient, quiet and environmentally-friendly GTF-powered aircraft, which have been performing exceptionally well for our operations between the U.S. West Coast and Hawaii."

Pratt & Whitney GTF engines will power 18 firm A321neo aircraft for Hawaiian Airlines, which plans to operate the fleet on routes like Portland-Maui, Oakland-Kauai and Los Angeles-Kona.

"We take great pride that the first A320neo Family aircraft delivered from the Airbus Mobile facility is powered by GTF engines," said Tom Pelland, senior vice president, Commercial Engine Programs at Pratt & Whitney. "This facility puts Airbus closer to their U.S.-based customers, such as Hawaiian, and is a great accomplishment for Airbus and the entire Mobile based team."

The majority of the design, manufacturing and assembly of GTF engines is done in the U.S. with the support of suppliers. Pratt & Whitney is investing more than $1.3 billion in 21st century manufacturing technology to transform its U.S. and global footprint.

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, to reduce NOx emissions by 50 percent to the regulatory standard and to lower the noise footprint by 75 percent.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.</s>Hawaiian welcomed more than 1 million guests in May 2018, a record for the month of May and an increase of 4.7% over the same period last year. Total traffic (revenue passenger miles) increased 5.6% on an increase of 6.5% in capacity (available seat miles). Load factor decreased 0.8 points to 85.9%.

The table below summarizes May and year-to-date traffic statistics compared to the respective prior-year periods.

The Company has revised its expectations for the quarter ending June 30, 2018, provided in its First Quarter 2018 Earnings Release on April 24, 2018.
• lowered its expectations for operating revenue per available seat mile (RASM) primarily due to a reduction in the pace of domestic bookings following an increase in volcanic activity on the Big Island of Hawai'i;
• revised its expectations for operating cost per available seat mile (CASM) excluding fuel and special items associated primarily with two specific items: an unscheduled maintenance event for one of its A330-200 aircraft, and a one-time expense related to an interim agreement with one of its labor groups pertaining to the Company's intent to purchase Boeing 787-9 aircraft as announced on ;
• revised its expectations for gallons of jet fuel consumed; and
• revised its expectations for economic fuel cost per gallon.

The table below summarizes the Company's revised expectations for the quarter ending June 30, 2018, expressed as an expected percentage change compared to the results for the quarter ended June 30, 2017.

The Company also revised its expectations for economic fuel cost per gallon for the full year ending December 31, 2018, also previously provided on April 24, 2018, as noted in the table below.

The Company's expectations for the full year CASM excluding aircraft fuel and special items remain unchanged.

Table 1. Operating Costs per Available Seat Mile (CASM)

(in thousands, except CASM data) (unaudited)

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to certain current and future events and financial performance. Such forward-looking statements include, without limitation, the Company's expectations regarding operating revenue per available seat mile, cost per available seat mile, cost per available seat mile excluding fuel and special items, gallons of jet fuel consumed, fuel cost per gallon, and economic fuel cost per gallon for the quarter ending June 30, 2018; and fuel cost per gallon and economic fuel cost per gallon for the year ending December 31, 2018 ; and statements as to other matters that do not relate strictly to historical facts or statements of assumptions underlying any of the foregoing. Words such as "expects," "anticipates," "projects," "intends," "plans," "believes," "estimates," variations of such words, and similar expressions are also intended to identify such forward-looking statements. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and assumptions relating to the Company's operations and business environment, all of which may cause the Company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. These risks and uncertainties include, without limitation, the Company's ability to accurately forecast quarterly and annual results; economic volatility; macroeconomic developments; political developments; the price and availability of aircraft fuel; fluctuations in demand for transportation in the markets in which the Company operates; changes in the volcanic activity on the Big Island of Hawai'i and its effects on bookings; the Company's dependence on tourist travel; labor negotiations and related developments; competitive pressures, including the potential impact of rising industry capacity between North America and Hawai'i; the Company's ability to continue to generate sufficient cash flow to support the payment of a quarterly dividend; changes in the Company's future capital needs; foreign currency exchange rate fluctuations; and the Company's ability to implement its growth strategy.

The risks, uncertainties and assumptions referred to above that could cause the Company's results to differ materially from the results expressed or implied by such forward-looking statements also include the risks, uncertainties and assumptions discussed from time to time in the Company's other public filings and public announcements, including the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q, as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to the Company on the date hereof. The Company does not undertake to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date hereof even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.

About Hawaiian Airlines

Hawaiian® has led all U.S. carriers in on-time performance for each of the past 14 years (2004-2017) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawai'i.

Now in its 89th year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline. Hawaiian offers non-stop service to Hawai'i from more U.S. gateway cities (12) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaiian also provides approximately 170 jet flights daily between the Hawaiian Islands, with a total of more than 250 daily flights system-wide.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow Hawaiian's Twitter updates (@HawaiianAir), become a fan on Facebook (Hawaiian Airlines), and follow us on Instagram (hawaiianairlines). For career postings and updates, follow Hawaiian's LinkedIn page.
Hawaiian Airlines warns that the eruption of Kīlauea may hurt bookings and trim revenues.