Hawaiian Airlines Posts Profit for First Quarter

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, is reporting consolidated net income for the three months ending March 31 of $7.3 million, or $0.14 per diluted share, on total operating revenue of $435.5 million, compared to net income of $0.9 million, or $0.02 per diluted share, on total operating revenue of $365.6 million for the three months ended March 31, 2011.

Mark Dunkerley, the Company’s president and chief executive officer, pointed out that the quarter was a seasonally weak period, but that the business was nonetheless growing rapidly. "Despite higher fuel costs, demand for our long-haul services has stayed strong," he said in a statement. "Adding a sixth A330 and inaugurating our Fukuoka-Honolulu service were the operational highlights of the quarter." The company has three more A330s arriving in the second quarter, and nonstop flights between Honolulu and New York will begin in June.

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