Hawaiian Holdings, parent company of Hawaiian Airlines, has posted adjusted net income, reflecting economic fuel expense, of $36.8 million - GAAP net income of $40.6 million. Available seat miles (ASMs) increased 9% year-over-year. Passenger revenue per available seat mile (PRASM) increase of 0.2% and operating revenue per available seat per mile (RASM) increase of 0.1%. Cost per available seat mile (CASM), excluding fuel, increase of 2.1% year-over-year. CASM increase of 1.5% year-over-year.
Mark Dunkerley, the Company's President and Chief Executive Officer, said: "Our third quarter results are a good step towards improving financial performance. The tide of industry capacity between the US West Coast and Hawai'i is beginning to recede and our new international routes are maturing, both of which are helpful developments. The strengthening of the US dollar against our major foreign currencies is pushing the other way. Indeed, were it not for foreign exchange effects, our third quarter results would have been the best in the company's history.
