HONOLULU Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, on Tuesday reported first-quarter profit of $36.4 million, an increase of $7.8 million over the first quarter of 2018.
HONOLULU — Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, on Tuesday reported first-quarter profit of $36.4 million, an increase of $7.8 million over the first quarter of 2018.
The Honolulu-based company said it had a net income of 75 cents per share.
“Hawaiian is off to a solid start in 2019,” said Peter Ingram, Hawaiian Airlines president and CEO. “We made important progress against our 2019 priorities in the first quarter, advancing a host of initiatives that will bring lasting value to our guests, our team, and our shareholders.”
The company returned $16.9 million to shareholders in the first quarter through share repurchases of $11.1 million and a dividend payment of $5.8 million, according to a press release.
“We look forward to the rest of 2019 and demonstrating, yet again, that Hawaiian is the carrier of choice to Hawaii,” Ingram said.
How much of that profit is Hawaiian Holdings, Inc re-investing in the Hawaiian culture, communities and infrastructure that it impacts?
Hawaiian employs hundreds (thousands?) of people in the State of Hawaii.
7,301 (as of April 2019)
“https://newsroom.hawaiianairlines.com/corporate/facts/media-fact-sheet”
Sincerely hope they are feeding a reserve fund for slimmer times— as much needed competition arrives in the form of Southwest. Because we absolutely need two viable full service airlines—to ensure good service and reasonable airfares. And there will be, if history is a template, a period of price warring, hopefully followed by reasonably priced stability to the market going forward.
The parent company of Hawaiian Airlines is United Airlines. Hawaiian Airlines could not stand up on its own, so United Airlines had to take over the local market. Glad to see Hawaiian Airlines doing good. It’s important to get those price per shares, common stock, at a higher amount.