Loading

Hawaiian Airlines posts falling profits as it expands at a rapid clip

Analysis

Kicking off the third quarter earnings season, Hawaiian Airlines posted USD25.6 million in net income for the quarter, down from the USD30.5 million posted in 3Q2010 on a higher tax rate. The tax rate was 46% compared with 26% in the earlier period, but looking ahead it should level out to between 37-40%, said the company.

Analysts, clearly worried that the optimistic reports about strong demand across the industry might abate, probed Hawaiian executives for any indication that demand was softening. But they were told forward bookings remain strong. The demand picture has been accompanied by a moderation in fuel, which improved profits over the summer months.

Read More

This CAPA Analysis Report is 1,382 words.

You must log in to read the rest of this article.

Got an account? Log In

Create a CAPA Account

Get a taste of our expert analysis and research publications by signing up to CAPA Content Lite for free, or unlock full access with CAPA Membership.

InclusionsContent Lite UserCAPA Member
News
Non-Premium Analysis
Premium Analysis
Data Centre
Selected Research Publications

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More