Hawaiian posts US$244m 2016 net profit, A321 delivery delay to Q4
Hawaiian Airlines reported a full-year 2016 net profit of US$244.1m, up 33.7% from net income of $182.6m in 2015. The airline reported adjusted net income of $280m for the year, up 48% over adjusted net income of $189.3m in 2015. Hawaiian’s 2016 revenue grew 5.7% year-over-year to $2.5b. Full-year expenses increased 7.9% to $2b, producing an operating profit of $409.5m, down 3.9% from operating income of $426.1m in 2015. Passenger revenue for the year rose 5.9% year-on-year, with passenger unit revenue up 2.1% and yield declining 1.1%. Traffic increased 7.1% on a 3.7% capacity gain. Total operating costs were up 4%, and fuel costs fell 20.8% year-over-year. President and CE Mark Dunkerley said that 3 expected Airbus A321neos, originally delayed by 3 months, will now not be delivered until Q4 2017. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-25/unaligned/hawaiian-posts-us-244m-2016-net-profit-a321-delivery-delay-to-q4
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Hawaiian posts US$244m 2016 net profit, A321 delivery delay to Q4
Hawaiian Airlines reported a full-year 2016 net profit of US$244.1m, up 33.7% from net income of $182.6m in 2015. The airline reported adjusted net income of $280m for the year, up 48% over adjusted net income of $189.3m in 2015. Hawaiian’s 2016 revenue grew 5.7% year-over-year to $2.5b. Full-year expenses increased 7.9% to $2b, producing an operating profit of $409.5m, down 3.9% from operating income of $426.1m in 2015. Passenger revenue for the year rose 5.9% year-on-year, with passenger unit revenue up 2.1% and yield declining 1.1%. Traffic increased 7.1% on a 3.7% capacity gain. Total operating costs were up 4%, and fuel costs fell 20.8% year-over-year. President and CE Mark Dunkerley said that 3 expected Airbus A321neos, originally delayed by 3 months, will now not be delivered until Q4 2017. <br/>
