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Hawaiian Airlines loses $5.1 million in quarter

By Dave Segal

POSTED:
LAST UPDATED: 01:08 p.m. HST, Apr 22, 2014


Hawaiian Airlines said Tuesday that cost control and its domestic operations helped narrow its loss to $5.1 million in the seasonally weak first quarter.

In the year-earlier period, the state's largest carrier lost $17.1 million.

Hawaiian, which added a turboprop operation in March to Molokai and Lanai, said its revenue during the quarter rose 6.9 percent to $524.9 million from $490.8 million.

Its loss per share during the January to March period was 10 cents compared with a loss of 33 cents a share in the first quarter of 2013.

Hawaiian President and CEO Mark Dunkerley said unfavorable exchange rate changes weighed on the airline's international business.






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