Hawaiian Airlines flies out of 2009 in the black - Hawaii News Now - KGMB and KHNL

Hawaiian Airlines flies out of 2009 in the black

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, has posted a profit for the fourth quarter and for full year 2009.

Despite revenues falling before $1.2 billion, Hawaiian managed a $117 million annual profit including $35 million in the fourth quarter. The jet fuel bill, while still consuming a quarter of all revenue, eased for the year, though in the last quarter it was up 10% from year-before levels. Unlike some airlines, Hawaiian has a fuel bill smaller than its payroll.

Hawaiian flew more than 80% full, a higher load factor that its larger rivals, after making a slight cut in capacity while gaining traffic. Hawaiian carries three quarters of interisland air traffic and now has an extensive network of flights to the West Coast including Seattle, Portland, San Francisco, Oakland, Los Angeles and other cities. Hawaiian also flies to Sydney, Manila, Pago Pago and other Pacific destinations.

This year, Hawaiian could see improving traffic as the economy improves, but it will also have higher labor costs after reaching new contract agreements with most of its employees.

Copyright 2010 Hawaii News Now. All rights reserved.

  • Hawaii News Now headlinesNewsMore>>

  • Germany extends facial recognition test at rail station

    Germany extends facial recognition test at rail station

    Friday, December 15 2017 7:45 AM EST2017-12-15 12:45:42 GMT
    Monday, December 18 2017 2:32 AM EST2017-12-18 07:32:19 GMT
    Germany's top security official is extending tests of automatic facial recognition technology after an initial six-month trial showed the system had a good success rate.More >>
    Germany's top security official is extending tests of automatic facial recognition technology after an initial six-month trial showed the system had a good success rate.More >>
  • Forecast: Mostly clear skies, some vog ahead of strong cold front

    Forecast: Mostly clear skies, some vog ahead of strong cold front

    Monday, December 18 2017 12:04 AM EST2017-12-18 05:04:59 GMT
    Image: Hawaii News NowImage: Hawaii News Now

    Light winds and mostly clear skies are in the forecast for Monday, but an approaching cold front will combine with abundant moisture from the south to bring heavy showers and a chance of thunderstorms to most of the state by Monday night and Tuesday.

    More >>

    Light winds and mostly clear skies are in the forecast for Monday, but an approaching cold front will combine with abundant moisture from the south to bring heavy showers and a chance of thunderstorms to most of the state by Monday night and Tuesday.

    More >>
  • Flash Flood Watch to take effect Monday night

    Flash Flood Watch to take effect Monday night

    Sunday, December 17 2017 10:58 PM EST2017-12-18 03:58:55 GMT
    Image: Kevin Olson/FileImage: Kevin Olson/File

    Abundant moisture ahead of a slow-moving cold front could result in heavy showers and thunderstorms starting Monday night for Oahu, Maui County and the Big Island. 

    More >>

    Abundant moisture ahead of a slow-moving cold front could result in heavy showers and thunderstorms starting Monday night for Oahu, Maui County and the Big Island. 

    More >>
Powered by Frankly