Hawaiian Airlines’ quarterly profit dips, but it is the 9th consecutive quarterly profit

Hawaiian Airlines (Honolulu) reported consolidated net income for the three months ended June 30, 2010 of $9.0 million, or $0.17 per diluted share, on total operating revenue of $315.9 million. This result compares with net income of $27.5 million, or $0.53 per diluted share, on total operating revenue of $292.0 million for the three months ended June 30, 2009. Year ago quarterly results benefitted from materially lower fuel costs and a lower effective tax rate. Adjusted net income reflecting economic fuel expense of $11.0 million or $0.21 per share compares to $20.8 million or $0.40 per share in the prior year period.

Copyright Photo: Ivan K. Nishimura.