HA Presentation - Bank of America Transportation Conference - May 2017

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HAWAIIAN HOLDINGS (HA)

Forward-looking statements
Industry recognized excellence
2017
2010
Record financial results in 2016
Hawaiian’s unit revenue performance continues
to lead the industry
Outperforming West Coast Competitors

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Wide-body fleet focused on the large
markets

We serve 16 of the 20 large markets


Mid-market growth opportunities with
A321neos
Continued International PRASM improvement
Low to mid-single digit capacity growth
Neighbor Island network is a unique asset


Continued growth of value-added revenue
2017 CASM ex-fuel outlook





Maintaining youngest mid-to-long haul fleet
Controlling the “uncontrollable”
Strong results generate robust cash flow


2015-2019: Cash flow funds multiple uses

Net Debt
Reduction
Strong cash flow supports growth
Maintaining our healthy leverage
Using cash to reduce expenses and
balance sheet risk


2017 will be a year of…




MAHALO
The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including operating income and CASM.
Pursuant to Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial
measures reported on a GAAP basis. The Company believes that excluding fuel costs from certain measures is useful to investors because it
provides an additional measure of management’s performance excluding the effects of a significant cost item over which management has limited
influence.
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The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including operating income and CASM.
Pursuant to Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial
measures reported on a GAAP basis. The Company believes that excluding fuel costs from certain measures is useful to investors because it
provides an additional measure of management’s performance excluding the effects of a significant cost item over which management has limited
influence.
FY2016 1Q2017

Add back:

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Add back:

- - - -

The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including operating income and CASM.
Pursuant to Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial
measures reported on a GAAP basis. The Company believes that excluding fuel costs from certain measures is useful to investors because it
provides an additional measure of management’s performance excluding the effects of a significant cost item over which management has limited
influence.
The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including operating income and CASM.
Pursuant to Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial
measures reported on a GAAP basis. The Company believes that excluding fuel costs from certain measures is useful to investors because it
provides an additional measure of management’s performance excluding the effects of a significant cost item over which management has limited
influence.

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