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Hawaiian Airlines reports $25.6 million profit in third quarter

By Star-Advertiser staff

LAST UPDATED: 04:56 p.m. HST, Oct 18, 2011

 courtesy hawaiian airlines A Hawaiian Airlines Boeing 767-300, similar to this one, was involved in an incident Wednesday night at Kansai International Airport in Japan. The plane, with 208 passengers and crew, entered a runway just minutes before a cargo jet was about to land.

The parent company of Hawaiian Airlines returned to profitability last quarter as it earned $25.6 million on the strength of rebounding Japan traffic and easing fuel prices.

Hawaiian Holdings Inc. bounced back from the April-June period when it lost $50 million in the period to end a three-year string of quarterly profits.

"The third quarter marked a return to some better results for our business," Hawaiian President and CEO Mark Dunkerley said today. "Strong demand in each of the major geographies we serve, continued cost control and some small but welcome easing of fuel prices all played a part."

Despite getting back in the black, Hawaiian’s net income fell 15.9 percent from the third quarter of 2010 when it earned $30.5 million, or 59 cents a share.

Earnings per share last quarter were 50 cents. 

The company’s adjusted net income last quarter, which includes $2.3 million of $9.7 million in expenses related to fuel-hedge activities, was $30 million, or 59 cents a share. That beat analysts’ consensus estimate of 48 cents a share.

Revenue rose 29.5 percent to $455.9 million from $352 million.

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kawika72 wrote:
Plus baggage fees, etc.
on October 18,2011 | 11:58AM
1local wrote:
with Aloha gone - Hawaiian can charge whatever they want. The $25 million comes primarily from baggage charges and fees...
on October 18,2011 | 04:39PM
hon2255 wrote:
prices for interisland airfare average 180.00 roundtrip!! Not to mention Vegas airfares average between 500- to as high as or over 800 .00 for roundtrip on coach seats. Can't wait till Southwest Airlines enters the market as they intended next year!!!
on October 18,2011 | 12:02PM
Oye_Como_Va wrote:
We certainly could use some competitive airfares in Hawaii. We have been repetitively told that everyone loves and wants to come to Hawaii. So, why can’t we have the same lower airfare deals the tourist get to come to Hawaii without being ripped off by the supposedly ‘local’ air carrier known as Hawaiian Air? Can't wait to book my next trip to Las Vegas with Vacations Hawaii and fly the new Omni Air 767. Just as roomy and comfortable as Hawaiian, only cheaper.
on October 18,2011 | 12:52PM
vapors wrote:
Maybe now they can use some of that money to majorly improve their crappy website!!!! And perhaps reduce inter-island flights. Every time I go to purchase an inter-island ticket it keeps creeping up and up. It went from like $69 to $74, to now $80. In a few weeks or months it's probably gonna be close to $100 each way. That's what happens when no competition and a monopoly in the market. I'm glad to fly another airline non-stop from the mainland avoiding paying another $200 r/t going through Honolulu. That away HAL!!!
on October 18,2011 | 01:27PM
kawika72 wrote:
Great for investors and company CEO! Bad for Hawaii residents. Not really living up to the name "Hawaiian Airlines". More like "Rip-Off Airlines". Where's the break for the people you got the name from? Maybe soon you can afford to give back some, huh!
on October 18,2011 | 01:49PM
aomohoa wrote:
I love Hawaiian Air. The service is good, the seats are roomy and they almost always run on time. I am a faithful customer. Now with that said, I would think if they are making such a great profit they could have better deals more often. I was also upset that after booking in advance for early January, 2 weeks later they had a much better deal. I think the people that are good planners should get the same deal even after the fact. Just my opinion.
on October 18,2011 | 03:24PM
opus59 wrote:
Glad to see that entitlement, short-sightedness and complete lack of business sense still rule the day in Paradise! I enjoy these comments......
on October 18,2011 | 04:04PM
Upperkula wrote:
When we grumble about air fairs, Hawaiian Executives are sitting there in their big fat comfortable chairs laughing at as they read these blog's. I tell you what they are thinking...If you don't like the price's than swim to Oahu, or what ever Island of your choice. YEP I sure would like to back stroke one of them right now.
on October 18,2011 | 04:54PM
palmer wrote:
Why don't you go get an education like them , then you can seat on the fat comfortable chair and make big bucks too, that's just the way it is my friend, and it aint gonna change. So just fly Hawaiian Air, cause it's still the best airlines out there.
on October 18,2011 | 06:21PM
asd wrote:
E komo mai Southwest Airlines..
on October 19,2011 | 02:00AM
green2go wrote:
Perhaps inter-island airfares could be reduced considering Hawaiian Airlines large profits. So sad that it is NOT affordable for our local families to travel to visit family on other islands!
on October 19,2011 | 02:08AM
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