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Hawaiian Airlines reports sharp rise in operating profit in 3Q2011

19-Oct-2011 12:32 PM

Hawaiian Airlines revenue up 30% - financial highlights for the three months ended 30-Sep-2011:

  • Total operating revenue: USD455.9 million, +29.5% year-on-year;
  • Total operating costs: USD394.9 million, +26.3%;
    • Fuel: USD136.0 million, +61.1%;
    • Labour: USD82.4 million, +11.8%;
  • Operating profit: USD60.9 million, +55.2%;
  • Net profit: USD25.6 million, -15.9%;
  • Passenger traffic (RPMs): +13.7%;
  • Passenger load factor: 85.2%, -1.7 ppt;
  • Operating revenue per ASM: USD 14.4 cents, +11.7%;
  • Operating costs per ASM: USD 12.47 cents, +8.8%;
  • Cost per ASM excl fuel: USD 8.18 cents, -2.3%;
  • Unrestricted cash and cash equivalents: USD286.8 million;
  • Outstanding debt and capital lease obligations: USD402.1 million. [more – Original PR][more - CAPA Analysis]

Hawaiian Airlines: "The third quarter marked a return to some better results for our business. Strong demand in each of the major geographies we serve, continued cost control and some small but welcome easing of fuel prices all played a part. Particularly noteworthy has been the return of traffic on our services to Japan,” Mark Dunkerley, President and CEO. Source: Hawaiian Airlines, 18-Oct-2011.