Should HA be punished -31% since recent high because it had to pay $14M to its customers loyalty program via frequent rewards? I didn't think so.
Maybe time to accumulate shares? Anyone wants to argue w/ me?
Hawaiian Holdings, Inc. (NASDAQ: HA) (“Holdings” or the “Company”), parent company of Hawaiian Airlines, Inc. (“Hawaiian”), today reported its financial results for the full year 2012 and the fourth quarter of 2012.
2012 Full Year Financial Highlights
? Adjusted net income, reflecting economic fuel expense and excluding lease termination costs, of $55.6 million or $1.06 per diluted share, an increase of 28.7% year-over-year.
? GAAP net income of $53.2 million or $1.01 per diluted share.
? Operating cost per available seat mile (CASM), excluding fuel and lease termination costs, decrease of 6.0% year-over-year.
? Adjusted operating margin of 7.0%, reflecting economic fuel expense and excluding lease termination costs.
? Unrestricted cash and cash equivalents increase of 33.5% year-over-year.
? Return on invested capital, pre-tax, of 14.9%.
Fourth Quarter 2012 Financial Highlights
? Available seat mile (ASM) for scheduled operations increase of 29.2% year-over-year.
? Adjusted net income, reflecting economic fuel expense, of $0.1 million or $0.00 per diluted share.
? GAAP net loss of $3.4 million or $0.07 cents per diluted share.
? CASM, excluding fuel, decrease of 11.3% year-over-year.
? Unrestricted cash and cash equivalents of $405.9 million.