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23-Jul-2014 6:18 AM

Hawaiian Airlines reports strong profit growth in 2Q2014 and 1H2014

Hawaiian Airlines revenue up 8% - financial highlights:

  • Three months ended 30-Jun-2014:
    • Total operating revenue: USD575.7 million, +7.8% year-on-year;
    • Total operating costs: USD524.1 million, +5.6%;
      • Fuel: USD174.1 million, +2.9%;
      • Labour: USD112.5 million, +8.8%;
    • Operating profit: USD51.6 million, +38.0%;
    • Net profit: USD27.3 million, +141%;
    • Passenger traffic (RPMs): -0.4%;
    • Passenger load factor: 79.6%, -1.3 ppt;
    • Operating revenue per ASM: USD 13.51 cents, +6.7%;
    • Operating cost per ASM: USD 12.30 cents, +4.4%;
    • Cost per ASM excl fuel: USD 8.21 cents, +5.8%;
  • Six months ended 30-Jun-2014:
    • Total operating revenue: USD1101 million, +7.4%;
    • Total operating costs: USD1039 million, +4.0%;
      • Fuel: USD345.3 million, +0.5%;
      • Labour: USD220.0 million, +6.7%;
    • Operating profit: USD61.6 million, +142%;
    • Net profit: USD22.3 million, compared to a loss of USD5.8 million in p-c-p;
    • Passenger traffic: +0.1%;
    • Passenger load factor: 79.8%, -1.1 ppt;
    • Operating revenue per ASM: USD 13.26 cents, +5.9%;
    • Operating cost per ASM: USD 12.51 cents, +2.5%;
    • Cost per ASM excl fuel: USD 8.36 cents, +4.4%. [more - original PR]

Hawaiian Airlines: "The same trajectory of substantially improving financial performance was evident in the second quarter as it has been over the last few quarters. Strong demand across our geographies, good macro-economic conditions, stable fuel prices and good cost control inside the business all played their part," Mark Dunkerley, President and CEO. Source: Company statement, 22-Jul-2014.

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