February 5, 2010
The parent company of Hawaiian Airlines is reporting consolidated net income for the three months ended Dec. 31 of $35 million, or 66 cents per diluted share, on total operating revenue of $297 million.
Hawaiian Holdings said Thursday that the fourth quarter results include a non-cash, one-time tax benefit of about $25 million to partially reverse the company’s tax valuation allowance.
The company suffered a net loss of just under $12 million, or 23 cents per diluted share, on total operating revenue of $300 million in the four quarter of 2008.
For all of 2009, Hawaiian Holdings said it had a consolidated net income of $116.7 million, or $2.22 per diluted share, compared with net income of $28.6 million, or $0.57 per diluted share, for all of 2008.
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