Hawaiian Holdings, parent company to Hawaiian Airlines, reported $51.4 million in net income for the first quarter of 2016, an increase of more than $25.6 million over the same three-month period last year.
Passenger revenue also improved over the first three months of 2016, climbing 2.7% to more than $482 million, according to figures released by Hawaiian on April 21.
“Solid demand for travel to Hawaii, manageable industry capacity growth, and the low cost of fuel combined with the exceptional service that our employees deliver to our guests propelled our record results this quarter,” Mark Dunkerley, Hawaiian’s president and CEO, said in a statement. “Looking ahead, our outlook is for these positive trends to continue, reinforcing our confidence that 2016 will be a great year.
Reduced fuel costs certainly played a role in the carrier’s impressive Q1 profit. Hawaiian paid just under $70 million for fuel during the first three months of 2016, saving more than $41 million when compared with the previous year.