Profile: Hawaiian Holdings, Inc. (HA.O)

Hawaiian Holdings, Inc. is a holding company whose primary asset is the sole ownership of all issued and outstanding shares of common stock of Hawaiian Airlines, Inc. (Hawaiian). Hawaiian offers daily service on transpacific routes between Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon and Seattle, Washington. Hawaiian also offers daily service on its interisland routes among the four major islands of the State of Hawaii and scheduled service on its South Pacific/Australia/Asia routes between Hawaii and Pago Pago, American Samoa; Papeete, Tahiti; Sydney, Australia; and Manila, Philippines, and other ad hoc charters. As of December 31, 2008, Hawaiian's fleet consisted of 15 Boeing 717-200 aircraft for its interisland routes and 18 Boeing 767-300 aircraft for its transpacific, South Pacific/Australia/Asia and charter routes.

Flight operations are based in Honolulu, Hawaii. As of December 31, 2008, the Company operated approximately 190 scheduled and charter flights per day with daily service on transpacific routes; daily service on interisland routes among the four major islands of the State of Hawaii; scheduled service on South Pacific routes between Hawaii and Pago Pago, American Samoa, and Papeete, Tahiti and Sydney, Australia; and other ad hoc charters.

Aircraft maintenance programs consist of a series of phased or continuous checks for each aircraft type. These checks are performed at specified intervals measured by calendar months, time flown or by the number of takeoffs and landings, or cycles operated. In addition, inspections, repairs and modifications of aircraft are performed in response to Federal Aviation Administration directives. Aircraft engines are subject to phased maintenance programs designed to detect and remedy potential problems before they occur. The service lives of certain airframe and engine parts and components are time or cycle controlled, and such parts and components are replaced or refurbished prior to the expiration of their time or cycle limits.

The Company has marketing alliances with other airlines that provide reciprocal frequent flyer mileage accrual and redemption privileges and code sharing on certain flights (one carrier placing its name and flight numbers, or code, on flights operated by the other carrier). It has code sharing agreements with American, American Eagle, Continental, Island Air, Korean Air, Northwest, United and US Airways. It also participates in the frequent flyer programs of American, Continental, Delta, Northwest, United, US Airways, Virgin Atlantic and Virgin Blue. American Eagle, Continental, Island Air, Northwest and Virgin Atlantic participate in Hawaiian’s frequent flyer program.

The HawaiianMiles frequent flyer program allows passengers to earn mileage credits by flying with the Company and its partner carriers. In addition, members earn mileage credits for patronage with other program partners, including hotels, car rental firms, credit card issuers and long distance telephone companies, pursuant to exchange partnership agreements. The Company also sells mileage credits to other companies participating in the program. HawaiianMiles members have a choice of various awards based on accumulated mileage credits, with most of the awards being for free air travel on Hawaiian. Travel awards range from a 7,500 mile award, which is redeemable for a SuperSaver one-way interisland flight, to a 210,000 mile award, which is redeemable for an anytime one-way first class travel between the mainland United States and Sydney, Australia.

The Company competes with Alaska Airlines, American, Continental, Northwest, Delta, United, Qantas Airways, Philippine Airlines, Mokulele Airlines, Pacific Wings and US Airways.