Hawaiian Holdings, the parent company of Hawaiian Airlines, reported a net income of $40.6 million on operating revenue of $543.2 million during the third quarter.

Those figures were down slightly from the same three-month period last year, during which the carrier generated a net income of $45.8 million.

“The tide of industry capacity between the U.S. West Coast and Hawaii is beginning to recede, and our new international routes are maturing, both of which are helpful developments,” Hawaiian’s president and CEO, Mark Dunkerley, said in a statement.
“Were it not for foreign-exchange effects, our third-quarter results would have been the best in the company’s history.”

Year to date through the end of September, Hawaiian has generated a net income of $34.7 million, off 38.7% from the same nine-month stretch in 2012.
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