Hawaiian Airlines First Quarter Revenue Up 19.1%April 24, 2012, 1:58 PM HST · Updated April 24, 2:00 PM 0 Comments
By Sonia Isotov
Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., today reported total operating revenue of $435.5 million for the three months ended March 31, 2012, or a 19.1% increase from the same period one year ago.
Operating revenue for the first quarter 2011 was $0.9 million on total operating revenue of $365.6 million..
Carrying capacity for the airline for the quarter increased 12.8% year-over-year to 3.1 billion available seat miles from the first quarter a year ago.
“Despite higher fuel costs, demand for our long haul services has stayed strong. Adding a sixth A330 and inaugurating our Fukuoka-Honolulu service were the operational highlights of the quarter,” said Mark Dunkerley, the president and chief executive officer of Hawaiian Airlines, in a written statement.
“Continuing the eventful period we are in, we have three more A330s arriving in the second quarter, allowing us to start service to New York and boost capacity on a number of other routes. We are particularly pleased to have reached a long term labor agreement with our Flight Attendant union.”
Aircraft fuel costs in the first quarter of 2012 increased 28.3% year-over-year to $140.3 million and represented 33.2% of operating expenses. Hawaiian’s average cost per gallon of jet fuel increased 13.8% year-over-year to $3.25.