Hawaiian Holdings reports 'record-breaking' second quarter result in 2Q2016

Hawaiian Airlines parent Hawaiian Holdings revenue up 4% - financial highlights:

• Three months ended 30-Jun-2016:
• • Total operating revenue: USD594.6 million, +4.1% year-on-year;
  • Total operating costs: USD475.7 million, -0.9%;
  • • Labour: USD135.9 million, +9.6%;
    • Fuel: USD83.8 million, -25.5%;
  • Operating profit: USD118.9 million, +30.0%;
  • Net profit: USD79.6 million, +62.9%;
  • Passenger numbers: 2.8 million, +3.6%;
  • Passenger load factor: 84.5%, +3.7 ppts;
  • Operating revenue per ASM: USD 13.06 cents, +1.6%;
  • Operating cost per ASM: USD 10.45 cents, -3.2%;
  • Cost per ASM excl fuel: USD 8.61 cents, +4.1%;
• Six months ended 30-Jun-2016:
• • Total operating revenue: USD1146 million, +3.1%;
  • Total operating costs: USD935.0 million, -1.5%;
  • • Labour: USD269.5 million, +10.5%;
    • Fuel: USD153.7 million, -31.3%;
  • Operating profit: USD210.7 million, +29.6%;
  • Net profit: USD131.0 million, +75.4%;
  • Passenger numbers: 5.4 million, +4.3%;
  • Passenger load factor: 82.8%, +2.8 ppts;
  • Operating revenue per ASM: USD 12.85 cents, +0.2%;
  • Operating cost per ASM: USD 10.48 cents, -4.2%;
  • Cost per ASM excl fuel: USD 8.76 cents, +4.8%. [more - original PR]

Hawaiian Holdings: "These outstanding second quarter results distinguish us from the rest of the industry and reinforce our confidence in 2016. Robust demand for a Hawai'i vacation, moderate industry capacity through the majority of our network, lower fuel costs, and our commitment to operational excellence drove the record-breaking second quarter results. My thanks go to all of Hawaiian's employees who contributed to our terrific financial and operational performance," Mark Dunkerley, President and CEO. Source: Company statement, 21-Jul-2016.