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Hawaiian Airlines reports ninth consecutive quarterly profit in 2Q2010

28-Jul-2010 1:56 PM

Hawaiian Airlines revenue up 8.2% - financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: USD315.9 million, +8.2% year-on-year;
    • Costs: USD291.9 million, +12.1%;
      • Fuel: USD78.6 million, +43.8%;
      • Labour: USD73.2 million, +9.6%;
      • Landing fees and other rentals: USD13.3 million, -3.6%;
    • Operating profit: USD24.0 million, -24.3%;
    • Net profit: USD9.0 million, -67.3%;
    • Passenger traffic (RPMs): +2.7%;
    • Load factor: 85.6%, +1.4 ppt;
    • Revenue per ASM: USD 12.83 cents, +7.0%;
    • Costs per ASM: USD 11.85 cents, +10.9%;
    • Costs per ASM excl fuel: USD 8.66 cents, +2.5%;
  • Six months ended 30-Jun-2010:
    • Revenue: USD614.3 million, +5.8%;
    • Total costs: USD584.7 million, +14.0%;
      • Fuel: USD148.9 million, +42.0%;
      • Labour: USD146.1 million, +8.8%;
      • Landing fees and other rentals: USD26.4 million, +0.5%;
    • Operating profit: USD29.6 million, -56.3%;
    • Net profit: USD9.2 million, -82.0%;
    • Passenger traffic (RPMs): +0.4%;
    • Load factor: 84.6%, +1.5 ppt;
    • Revenue per ASM: USD 12.90 cents, +7.2%;
    • Costs per ASM: USD 12.29 cents, +15.5%;
    • Costs per ASM excl fuel: USD 9.15 cents, +8.3%;
    • Cash and cash equivalents: USD314 million;
    • Restricted cash: USD37 million. [more]

Hawaiian Airlines: "Hawaiian reported its ninth consecutive quarterly profit, a winning streak unrivaled amongst its major competitors. Our company has built a foundation of sustained profitability amidst continuing competitive challenges and uncertain economic conditions,” Mark Dunkerley, President and CEO. Source: Hawaiian Airlines, 27-Jul-2010.