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Hawaiian Airlines earnings more than double

By Dave Segal

LAST UPDATED: 01:05 p.m. HST, Jul 23, 2013

Fast-growing Hawaiian Airlines returned to profitability in the second quarter as competitors scaled back flights and its neighbor island business picked up.

Parent company Hawaiian Holdings Inc. said today that net income more than doubled to $11.3 million, or 21 cents a share, from $3.9 million, or 7 cents a share, in the year-earlier period. The results easily beat analysts’ estimates of 12 cents a share.

Revenue rose 10.2 percent to $533.9 million from $484.6 million.

Hawaiian, which had posted losses in each of the two previous quarters, has been rapidly expanding and has introduced 10 new international routes in the last three years.

“On our international routes we are seeing the strengthening of the dollar undermine some of the excellent results we have had in the last couple of years but this portion of our business remains the core focus of our expansion plans,” Hawaiian President and CEO Mark Dunkerley said.

Hawaiian’s stock finished unchanged at $6.69 on the Nasdaq Stock Market. The results were announced after the market closed.

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Sunny wrote:
I'm sure much of the increase is due to baggage fees and change fees!
on July 23,2013 | 10:36AM
MKN wrote:
That can be said for all the airlines. Their fees aren't the most expensive, but they aren't exactly cheap either. LOL!
on July 23,2013 | 10:44AM
hawaiikone wrote:
$1700 for 2 round trips to Vegas? Only United charges more.
on July 23,2013 | 11:12AM
HawaiiCheeseBall wrote:
More likely the expanding Asian routes.
on July 23,2013 | 11:49AM
lokela wrote:
Okay lessen the fees a little. You guys made some bucks. How about some Kamaaina rates?
on July 23,2013 | 11:25AM
syhud wrote:
Yeah! HAL how bout giving the consumers some slack man!
on July 23,2013 | 03:23PM
grandpa_hiro wrote:
How do I get to Moloka'i? How much will it cost? LOL How many locals are now at a lost for no flights to PI after August 1? Remember when they were going bankrupt and needed the state, (our tax dollars) to bail them out? When in need, GREED. Keep making the buck Hawaiian, cause our choices are limited anyway.
on July 23,2013 | 11:25AM
stingray65 wrote:
So, when is the Hawaiian Airlines cut down prices?
on July 23,2013 | 11:39AM
paradisetax wrote:
Bring horrible customer service and reservation system back to Hawaii.
on July 23,2013 | 12:12PM
Leinanij wrote:
I was just thinking that. Hire Hawaiians for Hawaiian.
on July 23,2013 | 12:41PM
fbiguy wrote:
Please don't bring the horrible customer service and reservation system back to Hawaii. We need a great system!
on July 23,2013 | 03:10PM
alapue wrote:
$300 RT to Kauai for the state canoe race. Way to rip off the locals.
on July 24,2013 | 12:52AM
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