1-Feb-2012 1:06 PM
Hawaiian Airlines 4Q2011 operating profit up 54%, net loss in 2011
Hawaiian Airlines revenue up 26% - financial highlights:
- Three months ended 31-Dec-2011:
- Revenue: USD434.0 million, +26.2% year-on-year;
- Operating costs: USD399.5 million, +24.3%;
- Fuel: USD132.5 million, +47.8%;
- Labour: USD81.5 million, +4.9%;
- Operating profit: USD34.5 million, +53.7%;
- Net profit: USD20.9 million, -70.4%;
- Passenger traffic (RPMs): +14.5%;
- Passenger load factor: 84.0%, -1.6 ppt;
- Operating revenue per ASM: USD 13.98 cents, +8.2%;
- Operating cost per ASM: USD 12.87 cents, +6.5%;
- Cost per ASM excl fuel: USD 8.60 cents, -1.3%;
- 12 months ended 31-Dec-2011:
- Revenue: USD1650 million, +26.0%;
- Operating costs: USD1630 million, +33.8%;
- Fuel: USD513.3 million, +58.9%;
- Labour: USD321.2 million, +8.0%;
- Operating profit: USD20.3 million, -77.8%;
- Net profit (loss): (USD2.6 million), compared to a profit of USD110.3 million in p-c-p;
- Passenger traffic: +17.0%;
- Passenger load factor: 84.3%, -1.2 ppt;
- Operating revenue per ASM: USD 13.71 cents, +6.2%;
- Operating cost per ASM: USD 13.54 cents, +12.7%;
- Cost per ASM excl fuel: USD 9.28 cents, +5.1%;
- Unrestricted cash and cash equivalents: USD304.1 million;
- Restricted cash: USD30.9 million;
- Outstanding debt and capital lease obligations: USD462.0 million. [more - original PR]
Hawaiian Airlines: "We are pleased with the fourth quarter results which continue the trend of improvement that began mid-year. Good cost control and fare increases enabled us to offset the 35% increase in the price of fuel. It is particularly noteworthy that these results were posted during a period in which our operations grew rapidly," Mark Dunkerley, president and CEO. Source: Hawaiian Airlines, 31-Jan-2012.