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Hawaiian Airlines' parent loses $17.1 million

By Dave Segal

LAST UPDATED: 02:16 p.m. HST, Apr 23, 2013

The parent of Hawaiian Airlines lost money for the second-consecutive quarter as increased capacity between Hawaii and the West Coast and in some international markets hurt results.

Hawaiian Holdings Inc. reported a first-quarter loss today of $17.1 million, or 33 cents a share, that was wider than the 23 cents a loss forecast by analysts. Hawaiian lost $3.4 million in the fourth quarter.

In the first quarter of 2012, Hawaii had a profit of $7.3 million, or 14 cents a share.

Revenue rose 12.7 percent last quarter to $490.8 million from $435.5 million.

Hawaiian’s stock rose 22 cents, or 4 percent, to $5.76 during the regular trading session but was off 36 cents, or 6.3 percent, to $5.40 in after-hours trading following its release of the financial results. 

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GeoDiva wrote:
Guess bag fees will be going up.
on April 23,2013 | 10:58AM
Sunny wrote:
Exactly the same thought I had!
on April 23,2013 | 11:27AM
Uncleart66 wrote:
Another raise for the CEO. Time to start dumping the hired help again.
on April 23,2013 | 11:13AM
serious wrote:
Hawaiian has the highest rates when you check with their competition. I am an active stock investor--if you want to make a million on airline stock, start with two million--they are losers!!! Unions bust them.
on April 23,2013 | 12:53PM
808warriorfan wrote:
They are growing way too fast; got to start trimming routes that aren't making money
on April 23,2013 | 01:26PM
Hotel wrote:
But Hawaiian has a million dollars to help perpetuate the fraud of a voyaging canoe. The Hawaiian flight dispatchers, the folks that tell pilots the most efficient routes to fly, can not even see the fraud in the canoe sailing tracks as reported in the Honolulu Advertiser. No wonder Hawaiian lost money.
on April 23,2013 | 03:23PM
hanalei1 wrote:
Way to arrogant!!! They are losing the Kamaaina traveler..........when you're the only show in town you tend to forget about the people who got you there. No such phrase as "Kamaaina rate" anymore, because they don't need to take care of local people. SAD!!!!! No competition, that's what happens! Mainland owned company......NO ALOHA!
on April 23,2013 | 08:05PM
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