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Hawaiian Airlines back in the black in 2Q2012

25-Jul-2012 1:13 PM

Hawaiian Airlines revenue up 23% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: USD484.6 million, +22.7% year-on-year;
    • Operating costs: USD455.2 million, -2.1%;
      • Fuel: USD150.5 million, +11.1%;
      • Labour: USD96.7 million, +21.3%;
    • Operating profit: USD29.3 million, compared to a loss of USD70.2 million in p-c-p;
    • Net profit: USD3.9 million, compared to a loss of USD50.0 million in p-c-p;
    • Passenger traffic (RPMs): +17.0%;
    • Passenger load factor: 84.0%, +0.1 ppt;
    • Operating revenue per ASM: USD 13.90 cents, +5.1%;
    • Operating costs per ASM: USD 13.05 cents, -16.3%;
    • Cost per ASM excl fuel: USD 8.74 cents, -20.9%;
  • Six months ended 30-Jun-2012:
    • Operating revenue:  USD920.0 million, +21.0%;
    • Operating costs: USD877.8 million, +5.0%;
      • Fuel: USD290.8 million, +18.8%;
      • Labour: USD186.8 million, +18.8%;
    • Operating profit: USD42.2 million, compared to a loss of USD75.1 million in p-c-p;
    • Net profit: USD11.2 million, compared to a loss of USD49.2 million in p-c-p;
    • Passenger traffic (RPMs): +14.8%;
    • Passenger load factor: 83.9%, -0.1 ppt;
    • Operating revenue per ASM: USD 13.88 cents, +5.2%;
    • Operating cost per ASM: USD 13.24 cents, -8.6%;
    • Cost per ASM excl fuel: USD 8.86 cents, -13.6%;
    • Outstanding debt and capital lease obligations: USD686.8 million;
    • Unrestricted cash and cash equivalents: USD446.6 million. [more – original PR]

Hawaiian Airlines: "We're pleased with the early results from the implementation of our strategy to grow into markets which have not been the traditional mainstay of our business. At the same time a small dip in the price of fuel and continuing healthy demand for the Hawaii vacation helped boost the results from our traditional lines of business,” Mark Dunkerley, president and CEO. Source: Company statement, 24-Jul-2012.