TravelNewsAsia.com

   

 

Hawaiian Airlines reports $1.7 Million Operating Profit for April 2005

Travel News Asia 24 May 2005

Hawaiian Airlines has reported an operating profit of $1.7 million on revenue of $63.8 million for April 2005, which compares with an operating profit of $7.1 million on revenue of $63.4 million for April 2004.

Hawaiians monthly operating expenses in April increased 10.3 percent to $62.1 million versus last year. Higher fuel costs had the biggest impact, increasing by 45.8 percent to $15.0 million compared to April 2004. Labor costs rose 2.3 percent to $18.9 million.

Hawaiians Revenue Per Available Seat Mile (RASM) in April declined by 4.5 percent year-over-year, while its Cost Per Available Seat Mile (CASM) increased by 4.6 percent. Adjusted for fuel expenses, CASM decreased by 2.8 percent.

Hawaiian reported net income of $414,000 in April, which compares with $2.4 million in net income for April 2004.

The monthly financial reporting is required as part of Hawaiians Chapter 11 status, which will conclude when the airline exits bankruptcy on June 1.

See other recent news regarding: Airlines, Hawaiian Airlines

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     

Advertising
Advertising

 
 
Copyright © 1997-2024 TravelNewsAsia.com