Hawaiian produces a 3Q net profit of $30.5 million

Hawaiian Airlines Airbus A330-243 F-WWYX (N380HA) (msn 1104) TLS (first A330 for Hawaiian), originally uploaded by Airliners Gallery.

Hawaiian Holdings, Inc. (Honolulu) , the parent company of Hawaiian Airlines, Inc. (Honolulu), reported consolidated net income for the three months ended September 30, 2010 of $30.5 million, or $0.59 per diluted share, on total operating revenue of $352.0 million. This result compares with net income of $30.7 million, or $0.58 per diluted share, on total operating revenue of $305.6 million for the three months ended September 30, 2009. Adjusted net income reflecting economic fuel expense of $28.5 million or $0.55 per share compares to $34.7 million or $0.66 per share in the prior year period. The Company’s results for the quarter ended September 30, 2010 reflect the benefit of certain discrete items that reduced the Company’s effective taxes in the period by $5.7 million. Including both the tax item and the release of accrued interest associated with it, net income in the period benefited by $7.1 million or $0.14 per share.

Copyright Photo: The first Airbus A330-243 F-WWYX (msn 1104) became N380HA on delivery on April 28, 2010.