According to a report issued by Hawaiian Airlines, the company earned an adjusted net income of 79 cents per share during the third quarter of 2014. This was a record for all previous third quarters and beat analysts estimates by a penny. As a result, the company's stock rose 53 cents per share to $15.03 when the market closed. Mark Dunkerley the President and Chief Executive Officer for the airlines stated, "We've had a good quarter based largely on improvement in our long-haul business. Demand remains strong for overseas visitors to Hawaii and for travel between the islands. If these conditions remain, we remain hopeful that this positive trend will continue."
The Hawaiian islands weathered two storms during the past quarter, Tropical Storm Iselle and Hurricane Julio, which reduced the airline's income slightly due to flight changes and cancellations. Experts believe that earnings would have been several percent higher if it weren't for these weather related problems.
Source: Honolulu Star Advertiser, 10-22-2014, 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
