Hawaiian Holdings reports Q1 2013 results

Hawaiian Holdings has posted an adjusted net loss, reflecting economic fuel expense, of $14.8 million or $0.29 per diluted share. GAAP net loss was $17.1 million or $0.33 cents per diluted share. The airline’s available seat mile (ASM) for scheduled operations increased 26.1% year-over-year, while its cost per available seat mile (CASM), excluding fuel, decrease of 7.9% year-over-year. CASM decrease of 5.7% year-over-year. Mark Dunkerley, the Company’s President and Chief Executive Officer, commented: “Our results for the quarter were disappointing but unsurprising. Our performance was undermined by an extraordinary increase in total industry capacity between Hawaii and the U.S. West