Hawaiian Airlines’ profit jumps 46.3 percent
COURTESY HAWAIIAN AIRLINES
Hawaiian Holdings Inc., the airline’s corporate parent, reported today that net income rose to $102.5 million, or $1.91 a share, from $70 million, or $1.15 a share, in the year-earlier quarter.
Hawaiian Airlines’ earnings jumped 46.3 percent in the third quarter on the strength of low fuel prices, strong demand across its network and moderate industry capacity growth.
Hawaiian Holdings Inc., the airline’s corporate parent, reported today that net income rose to $102.5 million, or $1.91 a share, from $70 million, or $1.15 a share, in the year-earlier quarter. Revenue rose 6.3 percent to $671.8 million from $631.7 million.
Excluding certain items, Hawaiian earned $103.1 million, or $1.92 a share, on an adjusted basis. That easily best analysts’ estimates of $1.80 a share.
Hawaiian continued to save from lower fuel costs and said those expenses in the third quarter fell 18.4 percent and produced savings of $21.9 million from the year-earlier period.
34 responses to “Hawaiian Airlines’ profit jumps 46.3 percent”
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Meanwhile ticket prices skyrockets and Hawaiian Air still charges for baggage. Greed. Monopoly.
flying is a luxury. if you can’t afford to, don’t. still cheaper than united, delta, etc.
Cheaper than the other airlines? You dont sound like you fly much. Flight prices are determined based on a ton of variables. There is a high correlation to their prices being higher than in the past and the closure of Aloha Airlines.
Yeah right! You call $800.00 to $1,000 round trip fare to Vegas Cheap. Charging $1,200 for a one way fare from Vegas to Honolulu when there’s open seats is not cheap at all. Just ripping off the locals. They’re bragging again for their profits and like to flaunt it to the public.
Yes, you can swim to the Mainland and back if you need to go there.
On the backs of all us inter island passengers..
Uh no, not in Hawaii. There’s no other way to get to any other island. Much less America.
Obviously cholo is not too bright if he/she can’t see right through this ripoff.
Flew from HNL to Kauai recently for a funeral $400.00 round trip.
Island Air, ever heard of them? Six flights a day to and from Lihue.
Some people dont want to throw up from dizziness on the flights.
The funeral was in the evening and Island Air was sold out both ways. Island Air is my first choice, because of the price difference, and less congested terminal on Oahu. Btw, Island Air not cheap either. Flew with them to Maui a few months ago for business and paid $180. Hawaiian was close to #300.
Flying is expensive. Costs a lot of money for new jets, fuel, labor etc.
Sounds like you book late. It’s always the last seat available that’s going to be the most expensive.
Not enough. Hawaiian will raise its fares and other charges for Hawaii residents.
Yes, to pay for the 16 Airbus 321s next year and I think 5 Airbus 330s the following year. Not for or against, just know they are a business.
now that fuel costs are under control, and profits are up, isn’t time to eliminate the bag fees????
Why? If they got rid of the bag fees, they’d just raise the ticket prices for everyone. You want to take bags? Pay the fees. And it’s not like Hawaiian is the only airline charging bag fees.
Hawaiian made $81 million in baggage fees in 2015; you really think they’re gonna dump the golden goose?
Yeah, they won’t give ’em up because of the money they make from bag fees. Alas. I liked it much better when everything was included in one price. No extra charge for bags, meals, carry ons (some airlines have them), booking over the phone (some airlines have this), charging you for checking in at the airport, etc.
Really? This way, you’re only paying for the services you’re using. If they went back to the old pricing, your ticket would be much more expensive.
I have no problem with baggage fees. That’s extra labor needed to handle them & burns up extra fuel, takes up space in the hold. Feel free to send your baggage through UPS and see what it will cost you as an alternative.
See. Dolts like you is what the airlines count on. Baggage labor and space issues was never a problem before the rising oil prices. But they count on you “getting used to the charge” so even when things reverse, they got you. And sounds like they got you, Steve.
Island air was great, got seats for $79. no dizzyness or throwing up please. These are the same planes alaska air grew from.
Hawaiian air is just too expensive. Island air will sellout most days to Maui or Kauai so book early. Hopefully their fleet will grow.
I have no issues with Island Air. Hopefully, they will extend to Hilo one day.
wow…smfh
This should make HA pilots even madder. I wonder when they are going to strike?
I should of bought the stock a month ago.
Wonder what happened to their contract talk with the pilots. Hope they got what they wanted.
I hear a strike is coming. Many of the pilots are so insulted they are applying to other airlines.
No one is applying to other airlines. Those who wanted to leave have left already. The pilots know if they want to live in Hawaii, there is only one option.
You’re completely wrong. And why do you think you know anything about the Hawaiian pilots? If I had to guess, I’d bet you were one of the Aloha pilots that couldn’t get hired by Hawaiian when Aloha failed.
Hawaiian Airlines loves to use the excuse of rising oil prices to raise ticket prices and create fees; but when those oil prices drop – and drop BIG TIME – what is their excuse for not lowering prices for their “beloved customers”? And proof of things turning around for them is right there in the pudding: Almost 50% profit? FIFTY %??
Hawaiian Airlines is so bad, even their own employees have no support with their lower wages vs. the company doing well and vs. other airlines.
The higher ups just like HECO.
But too bad for HECO. Once battery technology improves and becomes way cheaper, see ya!!