HA profit plunges
Apr 21, 2005, 1:36 pm
#1
A FlyerTalk Posting Legend
Original Poster
Join Date: May 2002
Location: YEG
Programs: HH Silver
Posts: 56,454
HA profit plunges
http://starbulletin.com/2005/04/21/business/story1.html
Hawaiian Airlines, which has been negotiating with its pilots union this week to reach a last-minute deal on a labor contract, posted a $4.4 million operating profit in March despite a 40.7 percent jump in fuel costs from a year earlier.
Hawaiian Airlines, which has been negotiating with its pilots union this week to reach a last-minute deal on a labor contract, posted a $4.4 million operating profit in March despite a 40.7 percent jump in fuel costs from a year earlier.
Apr 24, 2005, 12:59 am
#5
Join Date: Feb 2005
Posts: 1,681
Originally Posted by mctrip
You will need lots of extra cash available to purchase fuel futures to be able to hedge it, which HA does not have.
Aloha
Aloha
alua aloha brah
May 15, 2005, 11:45 am
#6
Join Date: May 2005
Location: Suburbia :rolleyes:
Programs: UA, HA, CO
Posts: 975
Too bad to hear that HA didn't hedge fuel, but I do agree that they don't have the extra cash on hand to invest in fuel futures.
In saying that, we should all be lucky that HA even pulled a profit, even if it was that dismal of an amount. Many of the larger legacies would be delighted if they broke even.
In saying that, we should all be lucky that HA even pulled a profit, even if it was that dismal of an amount. Many of the larger legacies would be delighted if they broke even.