Hawaiian Holdings, the parent company of Hawaiian Airlines, has reported a $17 million profit for the fourth quarter of 2013, a significant turnaround from the $3.4 million loss the carrier suffered during the same three-month period a year prior.

The airline posted a net income of $51.8 million for all of 2013, down slightly from the $53.2 million profit it generated one year earlier, according to figures released by Hawaiian Jan. 28.

“The fourth quarter’s results continued the trend in improving financial performance after a difficult start to the year,” Mark Dunkerley, Hawaiian’s president and CEO, said in a statement. “Demand remains strong in our markets, and we have strategies to mitigate cost pressures.”

Hawaiian’s operating income for the fourth quarter was $33.8 million in 2013 vs. $12.3 million in the same quarter last year. Total operating income for 2013 was $133.7 million, compared with $129.3 million in 2012.
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