Hawaiian Holdings Inc. Boast $74.6M 3Q Profits

HONOLULU, HI — Hawaiian Holdings Inc. (HA), the parent company of Hawaiian Airlines, posted an impressive third quarter earnings report Thursday boasting $74.6 million in profit.

The Honolulu-based company said it had profit of $1.39 per share. Earnings, adjusted for non-recurring costs, were $1.92 per share — exceeding Wall Street's expectations.

The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.

Revenues, at $719.6 million in the period, came in just below forecasts. Three analysts surveyed by Zacks expected $720.6 million.

Hawaiian Holdings shares have declined 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.05, a decrease of 16 percent in the last 12 months.

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