Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc., has reported GAAP net income in the fourth quarter grew to USD37.9 million or USD0.66 per diluted share, a year-over-year increase of USD26.8 million or USD0.49 per diluted share, the company said.
For the full year, GAAP net income grew to USD182.6 million or USD2.98 per diluted share, a year-over-year increase of USD113.7 million or USD1.88 per diluted share.
Adjusted net income in the fourth quarter grew to USD48.5 million or USD0.85 per diluted share, an increase of USD22.4 million or USD0.45 cents per diluted share year-over-year. For the full year, adjusted net income grew to USD189.3 million or USD3.09 per diluted share compared to USD97.1 million or USD1.55 per diluted share in the prior year.
GAAP pre-tax margin increased to 10.7 percent and 12.7 percent for the fourth quarter and full year 2015, respectively.
Adjusted pre-tax margin increased to 13.8 percent and 13.2 percent for the fourth quarter and full year 2015, respectively.
The company lowered its leverage ratio to 2.7x in 2015 while maintaining a strong cash position of USD560 million in unrestricted cash, cash equivalents, and short-term investments.
HawaiianÂ® has led all US carriers in on-time performance for 11 years (2004-2014) as reported by the US Department of Transportation. Consumer surveys by Conde Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian the highest of all domestic airlines serving Hawai´i.
Now in its 87th year of continuous service, Hawaiian offers nonstop service to Hawai´i from 11 US gateway cities, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc.