Hawaiian Holdings net income jumps from $113.7m to $182.6mStaff writer ▼ | January 26, 2016
Hawaiian Holdings, parent company of Hawaiian Airlines, reported its financial results for the fourth quarter and full year 2015.
Hawaiian Holdings GAAP net income in the fourth quarter grew to $37.9 million
Adjusted net income in Q4 grew to $48.5 million.
For the full year, GAAP net income grew to $182.6 million or $2.98 per diluted share, a year-over-year increase of $113.7 million or $1.88 per diluted share.
Adjusted net income in the fourth quarter grew to $48.5 million or $0.85 per diluted share, an increase of $22.4 million or $0.45 cents per diluted share year-over-year.
For the full year, adjusted net income grew to $189.3 million or $3.09 per diluted share compared to $97.1 million or $1.55 per diluted share in the prior year.
GAAP pre-tax margin increased to 10.7% and 12.7% for the fourth quarter and full year 2015, respectively.
Adjusted pre-tax margin increased to 13.8% and 13.2% 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 $560 million in unrestricted cash, cash equivalents, and short-term investments. ■