Air Canada net income increases

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By admin February 13, 2015 21:04

Air Canada net income increases

Air Canada has posted a tenfold increase in 2014 net income to C$105 million ($90.3 million). The airline’s 2014 adjusted net profit, which excludes foreign exchange, net financing expense on employee benefits, mark-to-market adjustments on fuel and other  derivatives and unusual items, rose 56.2% to C$531 million year-over-year. This is the highest annual adjusted net profit the Canadian flag carrier has ever posted. The carrier’s full-year operating profit rose 31.7% to C$815 million, with its operating margin up to 6.1%, a rise of 1.1 points year-over-year. Air Canada’s full-year return on invested capital was 12.1%, compared to 10.5% in 2013.

Air Canada’s full-year passenger traffic grew 8.5% to 61.6 billion RPMs; on the back of capacity growth of.8% YOY to 73.9 billion ASMs. Full-year passenger load factor was 83.4%, the airline’s highest system load factor ever. Full-year PRASM was down 0.6% to C15.8¢ and CASM was C16.9¢, down 2.4% YOY.
Hawaiian full year net income up 33%

Hawaiian Airlines net income for the full year 2014 rose 33% to $68.9 million. Full-year operating revenue was up 7.4% to $2.3 billion while expenses rose 2.4% to $2.1 billion, producing an operating profit of $245.1 million.

Fourth-quarter net income dropped 35% to $11.1 million, however, while revenue for the fourth quarter was $574.8 million. Expenses during the quarter dipped slightly to $497.5 million, producing an operating income of $77.3 million.
Hawaiian said it carried a record 10.2 million passengers in 2014.

admin
By admin February 13, 2015 21:04