Hawaiian Airlines, Inc. reported its financial results for the third quarter of 2018 yesterday and despite some challenging conditions over the last few months the airline reported some positive results.
"Through back-to-back hurricanes in Hawai'i and a typhoon in Japan, my colleagues minimised disruptions to operations, kept our guests safe, and supported community relief efforts all while delivering our authentic Hawaiian hospitality that is unmatched in the industry," said Peter Ingram, Hawaiian Airlines president and CEO. "Our healthy financial and operational performance in this eventful quarter once again demonstrated that the Hawaiian team is second to none.".
The airline carried more than 3 million passengers across its network, a record for the third quarter and saw passenger revenues up by 4.3%. Passenger load factor took a slight dip, down 1.5% to 85.2 while aircraft fuel expenses rose by 48%.
The carrier took delivery of three Airbus A321neo aircraft between July and August, increasing the size of its A321neo fleet to nine aircraft. Leaving the airlines fleet were two of its Boeing 767 aircraft in the third quarter as part of the planned axing of its entire 767 fleet. It retired an additional 767 aircraft subsequent to quarter end, decreasing the size of its 767 fleet to five aircraft. Bringing in some money the airline completed a sale-leaseback transaction for one of its Airbus A330-200 aircraft.
Hawaiian has led all U.S. carriers in on-time performance for each of the past 14 years as reported by the US Department of Transportation. Now in its 89th year of continuous service, Hawaiian is Hawai'i's biggest and longest-serving airline. Hawaiian offers non-stop service to Hawai'i from more US gateway cities than any other airline, along with service from Japan, South Korea, Australia, New Zealand, American Samoa and Tahiti.
