Hawaiian sees Q3 profits soar 77%

By Shane Nelson
 Hawaiian Holdings, parent company to Hawaiian Airlines, reported a third-quarter profit of $45.5 million, a 77.6% surge over the $25.6 million in net income the carrier reported during the same quarter last year.

The airline saw its total operating revenue jump 20.5% year over year, to $549.3 million, in the third quarter while capacity increased 28%, to more than 4.1 billion available seat miles, according to figures released by Hawaiian Oct. 23.

“We are pleased to report improving margins while we are growing so quickly,” Hawaiian’s CEO and president, Mark Dunkerley, said in a statement. “Our strategy of diversifying our revenue base through growth is demonstrating its value as we have seen some enormous variation in market performance across our network of late. Demand for the Hawaii vacation remains strong in North America and Asia.”

Hawaiian said its air fuel cost jumped 21.9% year over year in the third quarter, to $165.8 million, and represented 34.9% of the carrier’s total operating expense.

 
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics