HAWAIIAN HOLDINGS INC (HA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Domestic								1,775.4
Pacific								542.1
Total revenues [+]	2,641.3	1,596.6	844.8	2,832.2	2,837.4	2,675.1	2,432.4	2,317.5
Passenger								2,025.6
Net interest income	305.8
Other								291.9
Revenue growth [+]	65.4%	89.0%	-70.2%	-0.2%	6.1%	10.0%	5.0%	0.1%
Domestic								5.5%
Pacific								-14.1%
Cost of goods sold [+]	2,851.3	1,457.4	1,089.2	1,764.5	1,776.9	1,547.5	1,341.3	1,447.5
Labor costs		698.1	628.6	723.7	684.7	633.0	535.3	477.0
Sales commissions and fees	833.1
Fuel costs		363.0	161.4	542.6	599.5	440.4	344.3	417.7
Lease costs	103.8	226.2	177.7	248.5	252.9	254.5	232.7	210.7
Maintenance and operations costs	236.2
Aircraft maintenance, materials and repairs		170.0	121.6	249.8	239.8	219.6	229.0	224.6
Aircraft rental	103.8	109.5	103.9	118.9	126.0	137.8	124.6	115.7
Landing fees and other rentals		116.8	73.8	129.6	126.9	116.8	108.1	95.1
Gross profit	-210.1	139.2	-244.4	1,067.7	1,060.5	1,127.7	1,091.1	870.0
Gross margin	-8.0%	8.7%	-28.9%	37.7%	37.4%	42.2%	44.9%	37.5%
Selling, general and administrative [+]		72.5	46.3	130.2	129.3	126.8	122.8	119.7
Sales and marketing		72.5	46.3	130.2	129.3	126.8	122.8	119.7
Other operating expenses	-18.8	19.9	389.4	451.1	477.0	447.1	571.9	196.0
EBITDA [+]		46.8	-680.1	486.8	454.8	554.4	397.7	555.4
EBITDA growth	-509.1%	-106.9%	-239.7%	7.0%	-18.0%	39.4%	-28.4%	62.1%
EBITDA margin	-7.2%	2.9%	-80.5%	17.2%	16.0%	20.7%	16.4%	24.0%
Depreciation		138.3	151.7	158.7	139.4	112.6	107.0	104.2
EBITA	-191.3	-91.5	-831.7	328.1	315.4	441.8	290.7	451.3
EBITA margin	-7.2%	-5.7%	-98.5%	11.6%	11.1%	16.5%	11.9%	19.5%
Amortization of intangibles				0.6	1.0	1.2	2.3	2.6
EBIT [+]	-191.3	-91.5	-831.7	327.5	314.4	440.6	288.3	448.6
EBIT growth	108.9%	-89.0%	-354.0%	4.2%	-28.6%	52.8%	-35.7%	83.0%
EBIT margin	-7.2%	-5.7%	-98.5%	11.6%	11.1%	16.5%	11.9%	19.4%
Non-recurring items [+]	18.8	-9.0	-184.1			-23.5	-109.1
Unusual expense	18.8	-9.0	-184.1			-23.5	-109.1
Interest expense, net [+]	63.7	101.8	31.7	15.3	23.8	24.8	32.6	52.9
Interest expense	95.8	110.4	40.4	27.9	33.0	30.9	36.6	55.7
Interest income	32.1	8.6	8.7	12.6	9.2	6.1	4.0	2.8
Other income (expense), net [+]	-20.1	-0.9	-20.7	-7.2	10.5	-48.4	-3.7	-100.1
Gain (loss) on investments	-43.1
Gain (loss) on debt retirement	-8.6	-38.9			35.3			-12.1
Gain (loss) on derivative instruments		0.2	-6.9	-6.7	5.6	3.3	20.1	-59.9
Unrealized gain/loss on derivatives	3.0	0.2	-6.9	-6.7	5.6	3.3
Other	1.4	30.8	-12.7	-1.1	-2.1	2.1	4.3	-8.8
Pre-tax income	-293.8	-185.3	-700.1	305.0	301.2	390.8	361.2	295.7
Income taxes	-53.8	-40.6	-189.1	81.0	68.0	60.2	137.1	113.0
Tax rate	18.3%	21.9%	27.0%	26.6%	22.6%	15.4%	38.0%	38.2%
Net income	-240.1	-144.8	-510.9	224.0	233.2	330.6	224.1	182.6
Net margin	-9.1%	-9.1%	-60.5%	7.9%	8.2%	12.4%	9.2%	7.9%

Basic EPS [+]	($4.67)	($2.85)	($11.08)	$4.72	$4.63	$6.23	$4.19	$3.38
Growth	63.9%	-74.3%	-334.7%	1.9%	-25.6%	48.7%	23.9%	162.8%
Diluted EPS [+]	($4.67)	($2.85)	($11.08)	$4.71	$4.62	$6.19	$4.15	$2.98
Growth	63.9%	-74.3%	-335.3%	2.0%	-25.4%	49.0%	39.3%	171.8%

Dividends per share [+]			$0.12	$0.48	$0.48	$0.12
Growth		-100.0%	-75.0%	0.0%	300.0%

Shares outstanding (basic) [+]	51.4	50.8	46.1	47.4	50.3	53.1	53.5	54.0
Growth	1.2%	10.1%	-2.8%	-5.8%	-5.2%	-0.8%	-1.0%	0.8%
Shares outstanding (diluted) [+]	51.4	50.8	46.1	47.5	50.5	53.4	54.0	61.3
Growth	1.2%	10.1%	-3.0%	-5.8%	-5.5%	-1.0%	-11.9%	-2.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.