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Hawaiian Holdings reports 2014 second quarter financial results
July 23, 2014
Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., today reported its financial results for the second quarter of 2014.
GAAP net income in the second quarter was reported at $27.3 million or $0.43 per diluted share.
Adjusted net income was reported, reflecting economic fuel expense, in the second quarter as $22.4 million or $0.35 per diluted share, an increase of $9.7 million or $0.11 cents per diluted share year-over-year.
Passenger revenue per available seat mile (PRASM) increase of 4.1% and operating revenue per available seat mile (RASM) increase of 6.7%.
Unrestricted cash, cash equivalents and short-term investments of $564 million.
“The same trajectory of substantially improving financial performance was evident in the second quarter as it has been over the last few quarters,” said Mark Dunkerley, Hawaiian Airlines president and chief executive officer. “Strong demand a
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