Hawaiian Airlines parent company Hawaiian Holdings has reported positive first quarter results with a $12.9 million operating income compared to last year same period loss of $4.9 million.
Operating revenue was up 19.1 percent to $435.50 million while capacity for the quarter increased 12.8 percent year-on-year to 3.1 billion available seat miles.
Total operating expenses for the first quarter of 2012 increased 14 percent to $422.6 million with aircraft fuel costs alone at $140.3 million, an increase of 28.3 percent.
The Company¡¯s president and chief executive officer Mark Dunkerley commented that despite high fuel costs, the demand for long haul services has remained strong.
¡°We are pleased to report a profit during a seasonally weak period when the business was nonetheless growing rapidly.¡±
The first quarter saw the addition of a sixth A330 and inaugurating the airline¡¯s Fukuoka-Honolulu service.
Continuing to grow, Hawaiian Airlines will have three more A330s arriving in the second quarter, allowing the start-up of a service to New York and boosted capacity on a number of other routes.
Employees focus was recognised, with the airline pleased to have reached a long term labour agreement with the Flight Attendant union.
Operational highlights for the quarter included Hawaiian Airlines ranked as the nation¡¯s number one airline in on-time performance for 2011 for the 8th consecutive year by the U.S. Department of Transportation Air Travel Consumer Report.
The airline was also ranked second in overall performance in the 2012 by the Airline Quality Rating Report.
Code-sharing and frequent flyer agreements with All Nippon Airways (ANA) were implemented at the start of 2012.
Flights to and from the West Coast, and from Maui to neighbouring island destinations was made possible by the introduction of Maui as a hub in January 2012.
Now in its 83rd year of continuous service, Hawaiian is Hawaii¡¯s biggest and longest-serving airline, servicing the US, Japan, South Korea, the Philippines, Australia, American Samoa, and Tahiti.
Friday, April 27, 2012
HA can luau after positive results
Source = e-Travel Blackboard: K.W