Hawaiian Airlines has announced that during the second quarter of 2014, the company made a net profit of $27.3 million. This is a huge increase as compared to the $11.3 million net profit that the airline posted during the same quarter a year ago. Mark Dunkerley, the Chief Executive Officer for Hawaiian Airlines, stated, "Demand remains pretty strong in all of the geographies that we serve. Secondly, we've done a good job controlling our costs. And third, if you look at 2010, '11 and '12, we started a lot of new things (six new international routes), and it takes a while for them to settle in. Now in 2014 we're starting to enjoy the benefit of them maturing. Our financial results improved during the first half of the year and, barring any changes to the macro-environment or competitor behavior, we would expect to see strengthening in the back half of 2014.
Joseph Denardi with the Baltimore-based Stifel investment bank who tracks Hawaiian Airlines, commented, "It was better than we expected. I think the results benefited from some better revenue performance. They're seeing better pricing on some of their routes, and they're benefiting from some of the network cuts (Taipei and Fukuoka, Japan) they made earlier this year. Competitive capacity trends (a pullback by competitors) have gotten a little bit better compared to last year. Overall, I think it was a pretty good quarter, and I think the decision with the A350 was smart and improves the longer-term outlook for the stock."
Source: Honolulu Star Advertiser, 7-23-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
