Hawaiian Airlines Reports Profit and Increase in Traffic

The parent company of Hawaiian Airlines is reporting consolidated net income for the three months ended Dec. 31 of $35 million, on total operating revenue of $297 million. Hawaiian also said Friday its traffic rose 2.2 percent in January and planes were more crowded.


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Hawaiian Holdings Inc. said Thursday that the fourth quarter results include a non-cash, one-time tax benefit of about $25 million to partially reverse the company’s tax valuation allowance.

The company suffered a net loss of just under $12 million on total operating revenue of $300 million in the four quarter of 2008.

For all of 2009, Hawaiian Holdings said it had a consolidated net income of $116.7 million, or $2.22 per diluted share, compared with net income of $28.6 million, or $0.57 per diluted share, for all of 2008.

Hawaiian Airlines said Friday its traffic rose 2.2 percent in January and planes were more crowded as the carrier reduced flights compared with a year ago.

The airline said paying passengers flew 661.6 million miles last month, compared with 647.6 million miles in January 2009.

Capacity was reduced 2.7 percent, to 804.9 million available seat miles, which is one seat flown one mile.

The average occupancy on planes rose to 82.2 percent from 78.3 percent in January 2009.