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Well perhaps not a huge surprise.
New study proving what most of -- -- could figure that.
Rising fuel prices are reducing airline profits.
Market -- -- is the -- -- Hawaiian Airlines joins us now on the Fox Business exclusive -- with his Hawaiian -- good to see a live from Honolulu.
Let me let me ask first of all -- it always is is a problem for airlines I guess about 60% of of the money that you spend running net airline -- is fuel cost.
How are you coping when it.
-- also it's it's not quite 60% more like 30% although there -- numbers like some ways we.
Yeah that's a lot less but it's still a very substantial -- of our total cost space.
And there are several ways in which -- mitigate that I mean one we are investing and -- case in.
New fuel efficient fleet so -- of the amount of fuel we burn through the units of transportation we produce actually goes down and at the same time we're also engaged in hedging which helps.
Us dollar cost average in -- from a market -- of ups and downs as any -- that get passed along to the consumer obviously in the form of higher ticket prices.
You know -- higher input costs does lead to higher prices and I think the good news in all of this is that.
Demand has been pretty robust at least in our sector over the period of the last eighteen months two years and that certainly the conditions that we continue to see today.
And that in -- -- Airlines the ability to.
Cover these it increased cost -- raising prices.
Now and a lot of people think of Hawaii they think of Hawaii itself as a destination but you've been.
During a single building bridges to Asia where Hawaii is is really -- a stop to Asia or or place to go from.
-- wide to Asia how has that been working out for you.
Well law Asian except expansion plans worked out extremely well for us and what we're really doing there is where we're carrying mainly -- to Hawaii to enjoy.
Hawaii is a destination and of course in doing so.
We're taking great advantage of the fact that the Asian economies are incredibly strong at the -- and all of the doom and gloom perhaps that it it is part of our everyday life at least in terms of economic news is not the same kind of news that the listening to half the world away.
US demands it can't -- As bad for you -- the CEO of Hawaiian Airlines is optimal vacation destination especially since here.
Starting this nonstop flight from JFK here New York straight through to Honolulu that's pretty exciting.
Yeah -- there is absolutely the new service to New York's exciting for all of us and our company -- partly also fool if you living in New York.
We will -- really very confident in terms of the future of that -- but also the American market as a whole.
What we just what we've seen robust demand continues to -- robust.
The Hawaii is a destination is -- and we continue to see people choosing Hawaiian -- so.
It all in all the man looks pretty good.
Market might not affect you because you don't have flights into Europe but some airlines are particularly concerned that this new carbon.
Tax that they begun to it's it's a label on to -- on -- airlines that are either going to were passing through Europe.
May affect their bottom line terribly it.
I again -- it may not affect your airline directly what are -- concerned about this tax.
Well I think we are concerned -- carpool airlines and indeed consumers should be concerned I mean it's clearly important.
That the airline industry and -- craft manufacturers.
Played an important role in terms of reducing our greenhouse gases and aren't.
Case we've actually -- some carbon credits for some.
Methods we use to wash our engines which has been a very good thing but I think the important thing about the EU proposal.
Is that it's not being done in coordination with the rest of the world and clearly what we do is we span the -- Bennett seems.
A very poor solution to have.
One part of the world with one set of rules another problem rule.
-- world with different rules mark don't really is a CEO president Hawaiian Airlines thank you so much sir we'll see in Honolulu this summer thanks --
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