U.S. airliners delivered Q1 profits of $401M, compared to a loss of $553M a year ago.
JetBlue (JBLU +0.8%) and United Continental (UAL -1.5%) were the only carriers not to improve their profitability from last year. If UAL's results are backed out, the group (ALK, ALGT, AAL, DAL, HA, LUV, SAVE) saw a profit gain of over $1B for the period.
Improving business demand and solid pricing trends (fares, bags) have helped lift the sector.
Hawaiian Holdings, Inc., through its subsidiaries is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands, between the Hawaiian Islands and certain cities in the United States.