U.S. airlines begin a round of profitable Q3 reports - Hawaii News Now - KGMB and KHNL

U.S. airlines begin a round of profitable Q3 reports

By Howard Dicus - bio | email

ATLANTA, PHOENIX and HONOLULU (HawaiiNewsNow) - Delta Air Lines and US Airways both posted summer profits Wednesday morning, hours after Hawaiian Airlines also logged a third quarter profit.

Atlanta-based Delta reported net income of $363 million after losing money in the same quarter last year. Revenue was up 18% from year-before levels. Following its acquisition of Northwest Airlines, Delta is the world's biggest airline as well as the busiest U.S. airline in Tokyo. It serves Hawaii from Tokyo, Osaka and numerous cities on the U.S. mainland.

Phoenix-based US Airways said Wednesday morning it had swung to a $240 million profit, three times what it lost in the same quarter last year. US Airways, now incorporating the former America West, flies most of its Hawaii passengers from its hub at Phoenix.

Honolulu-based Hawaiian Airlines yesterday posted a $30.5 million third quarter profit, about the same as last year, despite sharply higher jet fuel bills and higher labor costs. Its fuel bill is now bigger than payroll.

The Air Transport Association has predicted that most major airlines will report summer quarter profits. American Airlines was to report results later Wednesday while United Continental Holdings was to report profits for its two component airlines Thursday.

Copyright 2010 by HawaiiNewsNow. All rights reserved.

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