Volcanic eruption hurt bookings, Hawaiian Airlines warns

  • Hawaiian trims revenue estimate for second quarter.
  • Airline said volcanic eruption hurt bookings.
  • Hawaiian is also facing higher fuel costs.
Hawaiian Airlines plane
Louis Nastro | Reuters
Hawaiian Airlines plane

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.