Hawaiian Holdings reports double-digit operating profit growth in 4Q and 2015

Hawaiian Holdings revenue stable - financial highlights:

• Three months ended 31-Dec-2015:
• • Total operating revenue: USD574.2 million, -0.1% year-on-year;
  • Total operating costs: USD465.3 million, -6.5%;
  • • Labour: USD129.6 million, +14.7%;
    • Fuel: USD88.4 million, -41.4%;
  • Operating profit: USD108.8 million, +40.8%;
  • Net profit: USD37.9 million, +241%;
  • Passenger numbers: 2.7 million, +4.1%;
  • Passenger load factor: 82.9%, +0.7 ppt;
  • Operating revenue per AMS: USD 13.07 cents, -3.0%;
  • Operating costs per ASM: USD 10.59 cents, -9.1%;
  • Cost per ASM excl fuel: USD 8.58 cents, +5.7%;
• 12 months ended 31-Dec-2015:
• • Total operating revenue: USD2317 million, +0.1%;
  • Total operating costs: USD1891 million, -8.6%;
  • • Labour: USD499.5 million, +11.6%;
    • Fuel: USD417.7 million, -38.4%;
  • Operating profit: USD426.1 million, +73.8%;
  • Net profit: USD182.6 million, +165%;
  • Passenger numbers: 10.7 million, +4.7%;
  • Passenger load factor: 81.6%, +0.1 ppt;
  • Operating revenue per ASM: USD 13.07 cents, -3.6%;
  • Operating cost per ASM: USD 10.67 cents, -12.0%;
  • Cost per ASM excl fuel: US D8.31 cents, +2.0%. [more - original PR]

Hawaiian Holdings: "The strong financial results validate the decision we made to grow rapidly in the last five years. The cash flow we generated in 2015 was used to pay down a portion of the debt we took on to finance our growth and for the further strengthening of our balance sheet. Looking forward, our outlook is for these positive trends to continue and the headwind of a strong US dollar in our international markets to decelerate, giving us a measure of confidence that 2016 will be an even better year for our business," Source: Mark Dunkerley, President and CEO. Company statement, 26-Jan-2016.