Hawaiian Airlines’ net profit up 46% in Q3
Hawaiian Airlines reported a net profit of US$102.5m for Q3, up 46% from a net profit of $70m in the year-ago quarter. Lower fuel prices, moderating competition on routes to the US mainland and robust demand were cited as factors in the improved profit. Passenger revenue rose 6.2% year-on-year, with passenger unit revenue up 1.3% and yield declining 1%. Traffic increased 7.3% on a 4.9% capacity gain. Total operating costs were up 4.4%, despite a 10% drop in fuel costs. US domestic unit revenue was up 2.3%, and international unit revenue gained 1%. Both sectors are expected to see further year-on-year increases in Q4, and overall unit revenue is forecast to be up by 0.5%-3.5%. Capacity is predicted to increase 3%-5% in Q4, primarily because of new Tokyo services, and 3%-4% for the full year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-20/unaligned/hawaiian-airlines2019-net-profit-up-46-in-q3
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Hawaiian Airlines’ net profit up 46% in Q3
Hawaiian Airlines reported a net profit of US$102.5m for Q3, up 46% from a net profit of $70m in the year-ago quarter. Lower fuel prices, moderating competition on routes to the US mainland and robust demand were cited as factors in the improved profit. Passenger revenue rose 6.2% year-on-year, with passenger unit revenue up 1.3% and yield declining 1%. Traffic increased 7.3% on a 4.9% capacity gain. Total operating costs were up 4.4%, despite a 10% drop in fuel costs. US domestic unit revenue was up 2.3%, and international unit revenue gained 1%. Both sectors are expected to see further year-on-year increases in Q4, and overall unit revenue is forecast to be up by 0.5%-3.5%. Capacity is predicted to increase 3%-5% in Q4, primarily because of new Tokyo services, and 3%-4% for the full year. <br/>
