comscore Hawaiian Airlines earnings more than double | Honolulu Star-Advertiser
Top News

Hawaiian Airlines earnings more than double

  • BRUCE ASATO
    A Hawaiian Airlines Airbus A330-200 aircraft sits at Gate 26 of the Honolulu International Airport, ready to take on passengers in the inaugural flight of Hawaiian Airlines from Honolulu to Taipei, Taiwan.
[ AD HAS BEEN REMOVED FROM THIS STORY ]

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.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up