Hawaiian Airlines’ quarterly earnings nearly double
Hawaiian Airlines’ net income nearly doubled in the third quarter as lower fuel prices and strong passenger demand helped make up for increased competition on West Coast-Hawaii routes as well as a strong U.S. dollar that made it more expensive for some international visitors to fly.
The parent of the state’s largest carrier, Hawaiian Holdings Inc., said today it earned $70 million, or $1.15 a share, compared with $35.6 million, or 56 cents a share, in the year-earlier period. Revenue, though, slipped 1.2 percent to $631.7 million from $639.5 million.
Aircraft fuel, including taxes and delivery, fell 42.1 percent to $105.5 million from $182.2 million.