comscore Hawaiian Air earnings double on strength of tax adjustments | Honolulu Star-Advertiser
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Hawaiian Air earnings double on strength of tax adjustments



The parent of Hawaiian Airlines doubled its earnings in the fourth quarter helped by nonrecurring tax adjustments.

Hawaiian Holdings Inc. said today that net income was $70.6 million, or $1.36 a share, compared with $35 million, or 66 cents a share, a year ago.

Excluding the tax benefits, the company had net income of $11.3 million, or 21 cents a share, versus $10.5 million, or 20 cents a share, over the same period.

Revenue jumped 15.7 percent to $343.8 million from $297 million.

Aircraft fuel costs gained 27 percent to $89.7 million from the year-earlier period and represented 29.7 percent of operating expenses.



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