Hawaiian Airlines looks to rebound from tough competitive market conditions in 2H2013

Hawaiian Airlines believes industry-wide capacity cuts and decreases in its own unprofitable supply will allow the carrier to post a stronger performance during 2H2013. This is after currency pressures, a somewhat too ambitious expansion into inter-island markets and competitive pressure on its routes to the US mainland dulled the carrier's 4Q2012 performance.

The company recorded a USD3.4 million loss during the last three months of 2012 compared with a USD21 million profit for the year prior.

Despite the decline in profits Hawaiian recorded a 14% increase in top-line revenues to USD493 million during 4Q2012; but a 20% jump in operating expenses to USD481 million drove operating income down 64% to USD12 million.