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Hawaiian Airlines' earnings soar 77.6%

By Dave Segal

LAST UPDATED: 10:51 a.m. HST, Oct 23, 2012

Fast-growing Hawaiian Airlines boosted its profits 77.6 percent in the third quarter even as fuel costs continued to rise.

Parent Hawaiian Holdings Inc. reported today that net income soared to $45.5 million from $25.6 million in the year-earlier period.

Revenue jumped 20.5 percent to $549.3 million from $455.9 million.

“Our strategy of diversifying our revenue base through growth is demonstrating its value as we have seen some enormous variation in market performance across our network of late,” President and CEO Mark Dunkerley said.

Fuel costs increased 21.9 percent to $165.8 million from $136 million.

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GeoDiva wrote:
It's from all the bag fees!
on October 23,2012 | 11:01AM
hawaiianmickey wrote:
No it's called good management.
on October 23,2012 | 11:06AM
Numilalocal wrote:
Profits on the backs of passengers. Maybe number one on time but no so for customer service.
on October 23,2012 | 11:08AM
hawaiianmickey wrote:
Would you rather have a company lose money like Aloha and go out of business. Leave all employees with out jobs. Or have a company that makes money,creates more jobs and invest in Hawaii's economy?
on October 23,2012 | 01:05PM
syhud wrote:
So now they're in the money how about lowering the price of their plane fares......... Neva gonna happen!
on October 23,2012 | 04:48PM
kahu808 wrote:
Time to suspend baggage fees.
on October 23,2012 | 01:34PM
Maneki_Neko wrote:
Jammin' the nags, baybee, jammin' the bags.

Come on Southwest, we're waiting for you.

on October 23,2012 | 05:12PM
volcanohereicome wrote:
They should lower bag fees. However, I just flew the nonstop from JFK to HNL, one way. For my husband & I it was $900..far cheaper than any other carrier. Gave you hot meal & sandwich box, wine, coffee, tea, juice, and every flight attendant had the Aloha Spirit. Other carriers we looked to book with were double the price for one person, with 2 or 3 stops and give you nothing. Also had higher bag fees than Hawaiian.
on October 23,2012 | 07:43PM
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