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HawaiianMiles Value 08/28/2019

Hawaiian Airlines HawaiianMiles Value

Updated August 28th, 2019

Hawaiian Airlines’ HawaiianMiles is a lower-value loyalty program. Poor award redemption values and below-average availability means the program is primarily going to be of interest to residents of the island and some select West Coasters. Those who really love Hawaii, or possibly Japan. After the numbers were crunched, we assigned an ACRV of just 0.59¢ per mile.

Though the current valuation of HawaiianMiles makes it the least valuable US-domestic carrier on a per point basis, it is trending in the correct direction. Their point-value increased 0.12¢ since we last reckoned. This represents an improvement of 25%, and can be attributed primarily to increased award availability.

Furthermore, because Hawaii doesn’t offer a normal US domestic network, we had to adjust our standard basket of hypothetical award routes. In other words, a departure from our normal valuation method. We chose a grouping of flights that focused on Mainland->Hawaii, inter-island and Mainland->Pacific Rim countries.

Current Previous Period $ Change % Change
US Domestic Value 0.70¢ 0.57¢ +0.13¢ +22%
International Value 0.48¢ 0.38¢ +0.10¢ +25%
Overall ACRV 0.59¢ 0.47¢ +0.12¢ +25%
US Domestic Non-Zero Average 1.01¢ 1.08¢ -0.07¢ -6%
International Non-Zero Average 1.00¢ 1.37¢ -0.37¢ -27%
Non-Zero Average 1.01¢ 1.23¢ -0.22¢ -18%
Award Availability 79% 55% n/a +24%
Average Fees $8.54 $8.91 -0.37¢ -4.17%

HawaiianMiles Value Distribution 08/28/2019

The bell curve which results from plotting the normal distribution of hypothetical HawaiianMiles redemptions is shown above. The two lines adjacent to the average represent one standard deviation in either direction. In other words, 68% of award redemptions should occur between the rates of 0.27 and 1.31¢.

A narrow bell curve is not necessarily a bad thing. For those who prefer reliability over upside, it could be a good thing. For comparison’s sake, have a look at the chart United MileagePlus generates.. In that case, we have an award program where very high-value and very-low value award redemptions are all possible.

Redemption Count
Exceptional >$0.06 0
Great $0.04-0.06 0
Good $0.03-0.04 0
Respectable $0.02-0.03 2
Acceptable $0.01-0.02 21
Terrible <$0.01 29
No Availability 14

Compared to the nice looking redemption-count table’s that are generated when reckoning United or Delta, HawaiianMiles’ is disappointing. We didn’t find a single award which exceeded 3¢ per mile. Our best for the month came from a business class award seat, Las Vegas(LAS) to Seoul(ICN), offered for 105,000 miles + $6 in fees. The lowest priced cash alternative was priced at $2,418, providing a redemption value of 2.3¢. That result is in respectable territory. But considering it was the best we could do, it’s borderline pathetic.

HawaiianMiles best redemption Value 08/28/2019

Alternative HawaiianMiles Redemption Opportunities

If you’re not inclined to use your HawaiianMiles on Hawaiian Airlines, partner award opportunities do exist. One may redeem miles for flights on Japan Airlines, JetBlue, Korean Air, Virgin Atlantic and Virgin Australia. A partner mileage chart is available here.

Of these options, we view the opportunities available at JetBlue and Korean most appealing. JetBlue because it is a cash-price based award chart. One will redeem their Hawaiian miles at JetBlue at a rate ranging from 0.66 to 1¢ per point. This is largely inline with what you’d expect when flying on Hawaaian’s own metal.

Korean Air might also be a great option, but award-space on this airline can be tricky. Nevertheless, if available, their hard/soft premium-cabin products are fantastic.

book korean with hawaiianmiles
If award space is available, this Korean Air flight would be bookable with 200,000 HawaiianMiles + fees

 

In the example above, we have a round-trip business-class flight between Seattle(SEA) and Seoul(ICN) with a cash price of $3,465. If award space was available, this would be bookable with 200,000 HawaiianMiles + fees for an approximate redemption value of 1.73¢.

 

HawaiianMiles Compared to it’s Peers

For more information about how we value airline/hotel and other award currencies, please visit our valuation method and changelog pages.