Exhibit 99.1

Hawaiian Holdings Reports 2012 Full Year and Fourth Quarter Financial Results

HONOLULU — January 29, 2013 — Hawaiian Holdings, Inc. (NASDAQ: HA) (“Holdings” or the “Company”), parent company of Hawaiian Airlines, Inc. (“Hawaiian”), today reported its financial results for the full year 2012  and the fourth quarter of 2012.

2012 Full Year Financial Highlights

·                  Adjusted net income, reflecting economic fuel expense and excluding lease termination costs, of $55.6 million or $1.06 per diluted share, an increase of 28.7% year-over-year.

·                  GAAP net income of $53.2 million or $1.01 per diluted share.

·                  Operating cost per available seat mile (CASM), excluding fuel and lease termination costs, decrease of 6.0% year-over-year.

·                  Adjusted operating margin of 7.0%, reflecting economic fuel expense and excluding lease termination costs.

·                  Unrestricted cash and cash equivalents increase of 33.5% year-over-year.

·                  Return on invested capital, pre-tax, of 14.9%.

Fourth Quarter 2012 Financial Highlights

·                  Available seat mile (ASM) for scheduled operations increase of 29.2% year-over-year.

·                  Adjusted net income, reflecting economic fuel expense, of $0.1 million or $0.00 per diluted share.

·                  GAAP net loss of $3.4 million or $0.07 cents per diluted share.

·                  CASM, excluding fuel, decrease of 11.3% year-over-year.

·                  Unrestricted cash and cash equivalents of $405.9 million.

Mark Dunkerley, the Company’s President and Chief Executive Officer, commented that “A good year of growth and improving financial performance was finished off by a disappointing break-even result in the fourth quarter.  The sharp weakening of the Yen, continued excess capacity in certain markets and an accounting charge all worked to depress our earnings for the period despite many other things going right for the business.

The year as a whole was every bit as busy and exciting as we had forecast.  We added four new long haul destinations, eight long haul and short haul aircraft, opened a hub on Maui and added approximately 600 employees to our rolls, all in 2012.  Throughout it all, the employees of Hawaiian Airlines continued to deliver the very highest quality travel and shipping experience to our customers.  Our employees’ tireless dedication to our customers and to our business is a distinguishing strength of Hawaiian Airlines.  2013 promises to be an equally exciting year for the company with new destinations, new aircraft and more employees being planned.”

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The fourth quarter 2012 results reflect an out-of-period frequent flyer adjustment related to the timing of revenue recognized for mileage credits sold to participating companies in previous years.   This adjustment resulted in a net decrease to pre-tax income of $7.3 million in the quarter, or $0.08 per diluted share, ($7.9 million decrease to passenger revenue and $0.6 million decrease to other operating expense).  See Table 2 for the impact of this adjustment on selected statistical data.

Statistical data, as well as a reconciliation of the reported non-GAAP financial measures, can be found in the accompanying tables.

Liquidity and Capital Resources

As of December 31, 2012, the Company had:

·                  Unrestricted cash and cash equivalents of $405.9 million.

·                  Available borrowing capacity of $68.9 million under Hawaiian’s Revolving Credit Facility.

·                  Outstanding debt and capital lease obligations of approximately $661 million consisting of the following:

·                  $246.4 million outstanding under secured loan agreements to finance a portion of the purchase price for four Airbus A330-200 aircraft.

·                  $170.7 million in secured loan agreements for a portion of the purchase price for 15 previously leased Boeing 717-200 aircraft.

·                  $106.3 million in capital lease obligations for an Airbus A330-200 and two Boeing 717-200 aircraft.

·                  $64.7 million outstanding under floating rate notes issued in conjunction with the acquisition of three Boeing 767-300 ER aircraft.

·                  $72.7 million outstanding of Convertible Senior Notes.

The Company expects to take delivery of five Airbus A330-200 aircraft in 2013, and has entered into debt and lease financing commitments for the first four deliveries in the first half of the year.  The increase in Hawaiian’s fleet resulting from the delivery of these five Airbus A330-200 aircraft in 2013 will be partially offset by a decrease of four Boeing 767-300ER aircraft during the year, with three aircraft returned at the end of their lease terms and one planned retirement.

In January 2013, the Company signed a Memorandum of Understanding for the purchase of 16 new Airbus A321neo aircraft for delivery between 2017 and 2020, with the rights to purchase an additional nine aircraft.  The long-range, single-aisle aircraft will complement Hawaiian’s existing fleet of wide-body, twin-aisle aircraft used for long-haul flying between Hawai’i and the U.S. West Coast.

2012 Highlights

Operational Highlights

·                 Ranked #1 nationally for on-time performance, for 10 out of the 11 months reported in 2012, by the U.S. Department of Transportation Air Travel Consumer Report.

·                  Ranked second overall in the 2012 Airline Quality Rating Report.

·                  Introduced a Maui hub offering improved connections between Maui and Neighbor Island destinations, as well as additional flights to and from the West Coast.

·                  Provided chartered air transportation for the Oakland Raiders for the 13th consecutive season.

·                  Signed a new three-year contract with the Association of Flight Attendants.

·                  Became the first airline to receive aviation carbon credits for reducing carbon dioxide emissions.

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Fleet

·                  Added four new Airbus A330-200 aircraft in March, April, May and June in 2012 for North America and International service.

·                  Added two Boeing 717-200 aircraft in January and February 2012 for Neighbor Island service.

·                  Took delivery of two ATR42-500 twin-turboprop aircraft to inaugurate new service to Molokai and Lanai in 2013.

New routes and increased frequencies

·                  Honolulu to Fukuoka, Japan daily service launched April 2012

·                  Honolulu to New York City (JFK), New York, daily service launched June 2012

·                  Honolulu to Sapporo, Japan three-times-weekly service launched October 2012

·                  Honolulu to Brisbane, Australia three-times-weekly service launched November 2012

·                  Honolulu to Seoul, South Korea increased from four times weekly to daily July 2012

·                  Maui to San Jose and Oakland, California increased from three and four times weekly, respectively, to daily October 2012

·                  Announced Honolulu to Auckland, New Zealand three-times-weekly service beginning March 2013

·                  Announced Honolulu to Taipei, Taiwan with service daily beginning July 2013

·                  Honolulu to Sydney, Australia from daily to ten weekly flights April to May 2013

·                  Maui to Los Angeles, California increased from daily to twice daily service summer 2013

New Partnership, Code-Share and Frequent Flyer agreements

·                  Partnered with Air China and China International Travel Service to offer connections and market Hawaii vacation packages in China.

·                  Entered into new frequent flyer and code-share agreements with All Nippon Airways, JetBlue and Virgin America.

Investor Conference Call

Hawaiian Holdings’ quarterly earnings conference call is scheduled to begin today (January 29, 2013) at 4:30 p.m. Eastern Time (USA).  The conference call will be broadcast live over the Internet. Investors may listen to the live audio webcast on the investor relations section of the Company’s website at www.HawaiianAirlines.com. For those who are not available for the live webcast, the call will be archived for 90 days on Hawaiian’s investor website.

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About Hawaiian Airlines

Hawaiian has led all U.S. carriers in on-time performance for each of the past eight years (2004-2011) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian the highest of all domestic airlines serving Hawaii.

Now in its 84th year of continuous service, Hawaiian is Hawaii’s biggest and longest-serving airline, as well as the largest provider of passenger air service from its primary visitor markets on the U.S. mainland. Hawaiian offers nonstop service to Hawaii from more U.S. gateway cities (11) than any other airline, as well as service to Japan, South Korea, the Philippines, Australia, American Samoa, and Tahiti.  New nonstop service will begin between Honolulu and Auckland, New Zealand (March 2013) and Taipei, Taiwan (July 2013).  Hawaiian also provides approximately 170 daily jet flights between the Hawaiian Islands.

Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com.

Forward-Looking Statements

Statements in this release contain “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, statements by our CEO relating to the 2013 fiscal year; inauguration of service to new destinations; the addition of new aircraft and the addition of new employees; and statements relating to our total capacity and yield on new and existing routes; potential route expansion; changes in our fleet plan; expected delivery and return of aircraft; expected purchase of additional aircraft; the effects of fuel prices on our business; projected increases in headcount; 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 factors 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.

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 for the year ended December 31, 2011 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 of this release.  The Company does not undertake to publicly update or revise its forward-looking statements to reflect events or circumstances that may arise after the date of this release.

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Table 1.

Hawaiian Holdings, Inc.

Consolidated Statements of Operations

(in thousands, except for per share data)

NM - Not Meaningful.

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Table 2.

Hawaiian Holdings, Inc.

Selected Statistical Data

(a)         In millions.

(b)         See Table 4 for reconciliations of operating expenses excluding aircraft fuel and lease termination charges.

(c)          Includes applicable taxes and fees.

(d)         See Table 3 for a reconciliation of economic fuel costs.

The table below shows the impact of the pre-tax $7.3 million ($7.9 million decrease to passenger revenue and $0.6 million decrease to operating expense) frequent flyer adjustment reflected in the fourth quarter 2012 results and its impact on the above statistical data.

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Table 3.

Hawaiian Holdings, Inc.

Economic Fuel Expense

(in thousands, except per-gallon amounts)

The Company believes that economic fuel expense is the best measure of the effect of fuel prices on its business as it most closely approximates the net cash outflow associated with the purchase of fuel for its operations in a period.  The Company defines economic fuel expense as GAAP fuel expense plus (gains)/losses realized through actual cash (receipts)/payments received from or paid to hedge counterparties for fuel hedge derivative contracts settled during the period.

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Table 4.

Hawaiian Holdings, Inc.

Non-GAAP Financial Reconciliation

(in thousands, except per-share data)

The Company evaluates its financial performance utilizing various GAAP and non-GAAP financial measures, including, net income (loss), diluted net income (loss) per share, CASM, PRASM, RASM and Passenger Revenue per RPM.  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.

In the second quarter of 2011, the Company recorded a pre-tax $70.0 million non-recurring lease termination charge for the purchase of the Company’s existing fleet of Boeing 717-200 aircraft that were previously under lease agreements.

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Table 5.

Hawaiian Holdings, Inc.

Fuel Derivative Contract Summary

As of January 18, 2013

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