Hawaiian Airlines’ profit doubles amid low fuel prices
STAR-ADVERTISER / OCT. 2009
A Hawaiian Airlines plane sat on the tarmac at Honolulu airport. The company’s net income virtually doubled in the first quarter as the state’s largest carrier saved $37 million from lower fuel prices.
Hawaiian Airlines’ net income virtually doubled in the first quarter as the state’s largest carrier saved $37 million from lower fuel prices.
Parent company Hawaiian Holdings Inc. posted earnings today of $51.5 million, or 95 cents a share, compared with $25.9 million, or 40 cents a share, in the first quarter of 2015. Hawaiian’s adjusted net income, which excludes the change in value of unsettled fuel hedges and the loss on early repayment of debt, jumped 74.1 percent to a record $43 million, or 80 cents a share. That was 4 cents better than analysts’ consensus estimate.
Revenue edged up 2 percent to $551.2 million from $540.3 million.
The state’s largest carrier also said that it has filed an application with the U.S. Department of Transportation seeking approval to operate two nonstop routes between Haneda International Airport in Tokyo and Hawaii.
The application seeks confirmation that Hawaiian will continue to operate its existing Honolulu-Haneda service during the daytime hours. It also seeks additional authority to operate a second daily route from Haneda serving Honolulu four days each week and Kona International Airport three days each week
13 responses to “Hawaiian Airlines’ profit doubles amid low fuel prices”
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I would hope Hawaiian Air would pass on some of the fuel savings on to their loyal customers by reducing air fares. Maybe its time to consider another carrier for inter-island travel.
no airline is reducing prices due to lower fuel prices – government is not doing anything – airlines are all in collusion.
Fly Island Air.
Hawaiian better start reducing air fares. they are quick to raise fares when oil prices are high, but when oil prices drop, nada. oil prices have been down for five or six months now. where’s the love?
The love is for their shareholders and directors, not you or I. Only competition can lower prices.
Sports teams that travel inter island need to start using Island air. The state needs to make sure the DOE looks at their fares first for all state tournaments.
Instead of all the sports teams trying to shop for the best air fare on their own, many times having to accept paying high air fares when faced with having to travel on short notice, the HHSAA can negotiate a low air fare for all teams in all sports. Corporations do it regularly. No need to shop around to get the best price.
Meanwhile a round trip to the West Coast this summer is still 600-800 bucks. Criminal.
Dear Southwest Airlines, please set up shop in Hawaii. Our local carrier is ripping off it’s own local people, shrinking seats, and raising mileage amounts to purchase the same uncomfortable flights. Please come help us put them in their place. Thanks, People of Hawaii.
Hope HECO can report similar results. Maybe we fire the Lau/Onishi executive ream and hire Dunkerley.
Those inflated baggage fees sure adds up !!!
….and the pilots are thinking of a possible strike.
They doubled they profits while gouging interisland flyers and paying industry low salaries to their pilots.