Hawaiian Holdings operating profit more than doubles in 4Q2014

Hawaiian Holdings revenue up 8% - financial highlights:

• Three months ended 31-Dec-2014:
• • Total operating revenue: USD574.8 million, +8.1% year-on-year;
  • Total operating costs: USD497.5 million, -0.1%;
  • • Fuel: USD150.8 million, -13.2%;
    • Labour: USD113.0 million, +3.5%;
  • Operating profit: USD77.3 million, +129%;
  • Net profit: USD11.1 million, -35.0%;
  • Revenue passenger numbers: 2.6 million, +6.2%;
  • Passenger load factor: 82.2%, +1.4 ppt;
  • Operating revenue per ASM: USD 13.47 cents, +6.1%;
  • Operating cost per ASM: USD 11.65 cents, -2.0%;
  • Cost per ASM excl fuel: USD8.12 cents, +4.9%;
• 12 months ended 31-Dec-2014:
• • Total operating revenue: USD2315 million, +7.4%;
  • Total operating costs: USD2070 million, +2.4%;
  • • Fuel: USD678.3 million, -2.9%;
    • Labour: USD447.4 million, +4.7%;
  • Operating profit: USD245.1 million, +83.3%;
  • Net profit: USD68.9 million, +32.9%;
  • Revenue passengers: 10.2 million, +2.6%;
  • Passenger load factor: 81.5%, stable;
  • Operating revenue per ASM: USD 13.56 cents, +5.6%;
  • Operating cost per ASM: USD 12.12 cents, +0.6%;
  • Cost per ASM excl fuel: USD8.15 cents, +3.4%. [more - original PR - I] [more - original PR - II]

Hawaiian Holdings: "2014 finished on a high note with the company posting much better results than a year ago. We served more customers than ever before, grew revenues, improved profitability and strengthened our balance sheet. 2015 will be another year of improvement as long as demand, fuel and industry capacity in our marketplaces remain as forecast," Mark Dunkerley, President and CEO. Source: Company statement, 29-Jan-2015.