Hawaiian Holdings, parent company to Hawaiian Airlines, reported $70 million in net income for the third quarter of 2015, compared with $35.6 million in Q3 2014.
Passenger revenue for the quarter dipped, however, slipping 1.8% year over year to nearly $557 million, according to figures released by Hawaiian Oct. 19.
“Lower fuel prices and strong demand in each of our geographies is more than making up for the growth in industry capacity between the U.S. West Coast and Hawaii and the strength of the U.S. dollar,” Mark Dunkerley, Hawaiian Airlines president and CEO, said in a statement.
Hawaiian paid $105.4 million in aircraft fuel costs during the third quarter of 2015, down more than 42% from the same three-month period a year prior.
Through the first nine months of this year, Hawaiian generated $144.7 million in net income, soaring over the $57.8 million profit the carrier posted through the end of September 2014.