Hawaiian Air Q3 profit drops 27%
Hawaiian Airlines reported a 27% drop in Q3 net profit as fuel and staff costs jumped. Net profit for the quarter to end September came in at US$74.6m, down from the previous year quarter’s $102.4m, as fuel costs rose 16.1% to $110.1m and staff costs by 18.1% to $161.1m. The third quarter operating income of $173.8 million was down 2.9% from 3Q17’s $178.9m, despite an increase in passenger revenue of 7.3% to $634.5m. Hawaiian flew three million passengers during the quarter, up 2.9%, with scheduled RPM passenger traffic up 3.0%. ASM capacity increased by just 1.2% leading to an improvement in load factor to 86.7%, up 1.5 percentage points. Operating revenue per ASM (RASM) rose 5.8% to 14.53 cents, but CASM (cost per ASM) increased by 9.4% to 11.02 cents.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-20/unaligned/hawaiian-air-q3-profit-drops-27
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Hawaiian Air Q3 profit drops 27%
Hawaiian Airlines reported a 27% drop in Q3 net profit as fuel and staff costs jumped. Net profit for the quarter to end September came in at US$74.6m, down from the previous year quarter’s $102.4m, as fuel costs rose 16.1% to $110.1m and staff costs by 18.1% to $161.1m. The third quarter operating income of $173.8 million was down 2.9% from 3Q17’s $178.9m, despite an increase in passenger revenue of 7.3% to $634.5m. Hawaiian flew three million passengers during the quarter, up 2.9%, with scheduled RPM passenger traffic up 3.0%. ASM capacity increased by just 1.2% leading to an improvement in load factor to 86.7%, up 1.5 percentage points. Operating revenue per ASM (RASM) rose 5.8% to 14.53 cents, but CASM (cost per ASM) increased by 9.4% to 11.02 cents.<br/>
