HONOLULU (AP) _ Hawaiian Holdings Inc. (HA) on Tuesday reported a first-quarter loss of $144.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Honolulu-based company said it had a loss of $3.14. Losses, adjusted for non-recurring costs, came to 74 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1 per share.
The parent company of Hawaiian Airlines posted revenue of $559.1 million in the period.
Hawaiian Holdings shares have decreased 57% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.56, a fall of 56% in the last 12 months.