Hawaiian Airlines MD-95 (717-22A) (55122/5061) N477HA "Apapane" captured arriving at it the gate at Honolulu International (HNL/PHNL) on October 1, 2012.
(Photo by Michael Carter)
Hawaiian Airlines parent Hawaiian Holdings reported net income of $68.9 million for 2014, up 32.9% from $51.9 million in net income for 2013. According to the carrier, it was the best full-year performance since 2010 when the company posted a $110.3 million net profit.
Full-year revenue for 2014 grew 7.4% year-over-year to $2.31 billion as expenses increased 2.4% to $2.07 billion, resulting in an operating profit of $245.1 million, up 83.3% from $133.7 million in 2013.
Hawaiian’s scheduled traffic for 2014 grew 1.9% year-over-year to 13.9 billion RPMS; capacity increased 1.8% to 17.1 billion ASMs; passenger load factor for the year came to 81.5%, unchanged from 2013. Yield grew 3.4% to 14.70 cents.
Hawaiian president and CEO Mark Dunkerley said, “2014 finished on a high note with the company posting much better results than a year ago. 2015 will be another year of improvements as long as demand, fuel and industry capacity in our marketplaces remain as forecast.”
Hawaiian’s 2014 fourth-quarter net income was $11.1 million, falling 35% from $17.1 million in the year-ago December quarter. Fourth-quarter operating revenue was up 8.1% year-over-year to $574.8 million as expenses eased 0.1% year-over-year to $497.5 million, resulting in operating income for the quarter of $77.3 million, more than doubling the $33.8 million the carrier reported in the fourth quarter of 2013.
(Mark Nensel - ATWOnline News)