Hawaiian Airlines (HA) jumped 10% after-hours as the company beat earnings expectations as it struggled with high fuel costs, and saw demand begin to pick up in Japan.
The airline posted 59 cents of EPS, 14 cents better than expectations. Operating income rose 55% year over year even though the company’s average fuel costs jumped 61%.
“Strong demand in each of the major geographies we serve, continued cost control and some small but welcome easing of fuel prices all played a part,” said CEO Mark Dunkerley. “Particularly noteworthy has been the return of traffic on our services to Japan.� Our results on these routes would qualify as good in any year, let alone the year in which an earthquake and tsunami took such a large human and economic toll.”
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