POSTED: 10:49 a.m. HST, Apr 23, 2013
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.