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Airline carries record number of passengers, posts record revenue

Hawaiian Airlines had a good year in 2017.

The airline reported record net income of $364 million, $6.82 a share.

Its fourth-quarter net income, $172.1 million, $3.29 a share, was also a record.

It carried a record 11.5 million passengers in 2017, a 4.1 percent increase over the previous year, according to a press release.

“We’re delighted to report record earnings for 2017 after our fourth quarter results cap an extremely strong year for Hawaiian” said Mark Dunkerley, Hawaiian Airlines president and CEO. “Robust demand in all of our major geographies and moderate industry capacity growth offset the rising price of fuel. We carried more guests this year than ever before and set new records for fourth quarter and full year revenue.”

For 2017, Hawaiian’s revenue was $2.7 billion, up percent from $2.45 billion in 2016.

For the fourth quarter of 2017, revenue was $687 million, up 8.5 percent from $633 million in 2016.

Dunkerley said 2018 stands to be a year that Hawaiian enters into the last phase of a strategy mapped out over a decade ago.

“With new aircraft, new markets, and product enhancements tailored to the needs of the Hawaii traveler, we are better equipped to compete today than at any time in our past,” he said. “We look forward to the year ahead and all that it has in store.”

Highlights for Hawaiian Airlines last year included extended seasonal nonstop service to year-round nonstop service between Los Angeles International Airport and Lihue Airport.

It also launched daily round trip service between Lihue and Kona.

Other highlights in 2017:

w Announced a new partnership with Japan Airlines that provides for extensive code sharing, lounge access and frequent flyer program reciprocity, taking effect on March 25.

w Completed a sale-leaseback transaction covering three Boeing 767-300 aircraft as part of the planned exit from its Boeing 767-300 fleet.

w Took delivery of its first two Airbus 321neo aircraft, its 24th Airbus 330-200 aircraft, and its first ATR-72 turboprop aircraft in an all-cargo configuration.

w Ratified a 63-month contract with its pilots represented by the Airline Pilots Association.

“These results are the product of the tireless efforts of the 6,600 employees who deliver authentic Hawaiian hospitality on the ground and in the air every single day,” Dunkerley said.

1 Comments
  1. Craig Millett February 9, 2018 8:38 am Reply

    Good for Hawaiian, bad for Kauai.


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