comscore Hawaiian Airlines’ earnings decline but top analysts’ estimates | Honolulu Star-Advertiser
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Hawaiian Airlines’ earnings decline but top analysts’ estimates

Hawaiian Airlines said today its earnings fell 27.2 percent in the third quarter, but the results easily beat analysts’ forecasts.

Net income for the state’s largest carrier was $74.6 million, or $1.39 a share, compared with $102.5 million, or $1.91 a share, in the year-earlier quarter.

Excluding special items, Hawaiian had adjusted net income of $102.6 million, or $1.92 a share. On that basis, Hawaiian topped analysts’ consensus estimate of $1.85 a share. In the year-earlier quarter, the airline had adjusted net income of $103.1 million, or $1.92 a share,

Revenue rose 7.1 percent to $719.6 million from $671.8 million.

“The third quarter’s excellent results add to the great year we are having,” Hawaiian President and CEO Mark Dunkerley said in a statement. “Apart from the helpful environment characterized by low fuel prices, manageable industry capacity and strong demand for the Hawaii vacation, our team is doing a terrific job improving the company and widening the gap between us and our competitors.”

Hawaiian’s stock fell 10 cents today to $40.05. The financial results were announced after the market closed.

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