HAWAIIAN Q4 AND FULL YEAR FIGURES

Dino D'Amore
By Dino D'Amore February 3, 2011 12:22

HAWAIIAN Q4 AND FULL YEAR FIGURES

Hawaiian Holdings, parent of Hawaiian Airlines, reported fourth-quarter net income of $70.6 million, from $35 million profit for the same quarter last year. Revenue rose 15.7% to $343.8 million while expenses increased 14.4% to $321.4 million producing an operating profit of $22.4 million, up 39.2% over $16.1 million in Q4 09. Traffic for the quarter rose 13.2% to 2.28 billion RPMs on an 11.7% increase in capacity to 2.7 billion ASMs, producing a load factor of 85.6%. Scheduled yield lifted 3.2% to 13.37 cents as total RASM rose 3.6% to 12.92 cents and CASM rose 2.5% to 12.08 cents.

Full year 2010 net income came in at $110.3 million, down 5.5% from $116.7 million in 2009. Annual revenue rose 10.7% to $1.31 billion while operating expenses rose 13.3% to $1.22 billion. Operating profit declined 15.1% to $91.3 million from $107.5 million.

Hawaiian said that results include non-recurring beneficial tax adjustments, without which adjusted net income reflecting fuel expense for the three months was $11.3 million, versus $10.5 million in Q4 09.

Dino D'Amore
By Dino D'Amore February 3, 2011 12:22
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