Hawaiian Airlines reports 10th consecutive quarterly profit in 3Q2010

Hawaiian Airlines revenue up 15% - financial/traffic highlights for the three months ended 30-Sep-2010:

• Revenue: USD352.0 million, +15.2% year-on-year;
  • Passenger: USD310.0 million, +15.2%;
  • Cargo: USD23.0 million, +40.7%;
  • Other: USD19.0 million, -5.5%;
• Operating costs: USD312.8 million, +10.9%;
  • Fuel: USD84.4 million, +23.4%;
  • Labour: USD73.7 million, +7.8%;
• Operating profit: USD39.3 million, +65.5%;
• Net profit: USD30.5 million, -0.7%;
• Unrestricted cash and cash equivalents: USD315.5 million;
• Passenger traffic (RPMs): +11.4%;
• Passenger load factor: 86.9%, +2.0 ppts;
• Revenue per ASM: USD 12.89 cents, +5.7%;
• Cost per ASM: USD 11.46 cents, +2.0%;
• Cost per ASM excl fuel: USD 8.37 cents, -1.6%. [more]

Hawaiian Airlines: "A 10th consecutive quarter of profitability has further strengthened Hawaiian Airlines. We've taken delivery of new aircraft and are on the doorstep of expansion into Asia with new services to Japan and Korea slated to begin in the next few months. We are well positioned to take the next steps in our strategic development," Mark Dunkerley, President and CEO. Source: Hawaiian Airlines, 19-Oct-2010.