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Hawaiian Airlines Posts Profit for Second QuarterJuly 28, 2009 By: Jena Tesse Fox
Hawaiian Airlines, benefiting from lower fuel prices compared to last year, posted a $27.5 million profit in the second quarter of 2009.
The earnings were 49.4 percent lower than last when the carrier's parent company, Hawaiian Holdings Inc., earned $54.3 million, after a $52.5 million legal settlement with go! parent Mesa Air Group.
Revenue in the second quarter fell 8.5 percent to $292 million from $319.2 million.
The stock rose 40 cents, or 6 percent, to $7.09 ahead of the report, which was released after the stock market closed.