Hawaiian Airlines operating profit down 1% in 3Q2013, forecasts RASM and capacity growth in 4Q2013

Hawaiian Airlines revenue up 9% - financial highlights for three month ended 30-Sep-2013:

• Operating revenue: USD599.3 million, +9.1% year-on-year;
• Operating costs: USD524.9 million, +10.6%;
• • Fuel: USD181.3 million, +9.4%;
  • Labour: USD112.2 million, +20.0%;
• Operating profit: USD74.4 million, -0.7%;
• Net profit: USD40.6 million, -10.7%;
• Passenger traffic (RPMs): +8.9%;
• Passenger load factor: 83.2%, -0.1 ppt;
• Operating revenue per ASM: USD 13.57 cents, +0.1%;
• Operating cost per ASM: USD 11.89 cents, +1.5%;
• Cost per ASM excl fuel: USD 7.78 cents, +2.1%;
• Unrestricted cash and cash equivalents: USD441 million;
• 4Q2013 forecast:
• • Cost per ASM excl fuel: +2% to +5%;
  • Passenger revenue per ASM: +2.5% to +5.5%;
  • Operating revenue per ASM: +2.5% to +5.5%;
  • Capacity (ASMs): +3.5% to +5.5%;
  • Gallons of jet fuel consumed: Flat to +2%. [more - original PR]

Hawaiian Airlines: "The tide of industry capacity between the US West Coast and Hawai'i is beginning to recede and our new international routes are maturing, both of which are helpful developments. The strengthening of the US dollar against our major foreign currencies is pushing the other way. Indeed, were it not for foreign exchange effects, our third quarter results would have been the best in the company's history," Mark Dunkerley, President and CEO. Source: Company statement, 22-Oct-2013.