Hawaiian Airlines reports operating profitability in 1Q2012

Hawaiian Airlines revenue up 19% - financial highlights for three months ended 31-Mar-2012:

• Total operating revenue: USD435.5 million, +19.1% year-on-year;
• Total operating costs: USD422.6 million, +14.0%;
  • Fuel: USD140.3 million, +28.3%;
  • Labour: USD90.1 million, +16.2%;
• Operating profit: USD12.9 million, compared to a loss of USD4.9 million in p-c-p;
• Net profit: USD7.3 million, +749%;
• Passenger traffic (RPMs): +12.4%;
• Passenger load factor: 83.8%, -0.4 ppt;
• Operating revenue per ASM: USD 13.86 cents, +5.6%;
• Operating cost per ASM: USD 13.45 cents, +1.1%;
• Cost per ASM excl fuel: USD 8.99 cents, -4.2%;
• Unrestricted cash and cash equivalents: USD376 million;
• Outstanding debt and capital lease obligations: USD539.7 million. [more - original PR]

Hawaiian Airlines: "We are pleased to report a profit during a seasonally weak period when the business was nonetheless growing rapidly. Despite higher fuel costs, demand for our long haul services has stayed strong. Continuing the eventful period we are in, we have three more A330s arriving in the second quarter, allowing us to start service to New York and boost capacity on a number of other routes," Mark Dunkerley, the Company's president and CEO. Source: Hawaiian Airlines, 24-Apr-2012.