Hawaiian Airlines reports adjusted net income of $280 million for 2016

Eleanor Steed
By Eleanor Steed January 26, 2017 17:31

Hawaiian Airlines reports adjusted net income of $280 million for 2016

Hawaiian Airlines has reported a net income of just over $280 million, a $90 million increase from 2015. In the fourth quarter, Hawaiian reported net income of $68.8 million, a $20 million increase from the fourth quarter of 2015.

Mark Dunkerley, Hawaiian Airlines president and chief executive officer, said: “Our business is stronger and we are growing value for our shareholders, giving us great confidence for 2017 and beyond.”

Highlights for the year included carrying a record 11 million passengers and being named the most punctual airline by the U.S. Department of Transportation. Other highlights included launching a daily nonstop service between Narita and Honolulu international airports and a tri-weekly service between Haneda and Kona international airports.

In March, Hawaiian Airlines will start a non-stop service between Lihue and Kailua-Kona.

As of Dec. 31, Hawaiian Airlines had unrestricted cash, cash equivalents and short-term investments of $610 million and outstanding debt and capital lease obligations of $557 million.

Eleanor Steed
By Eleanor Steed January 26, 2017 17:31