Hawaiian Holdings reports second quarter net income of $54.3 million

Hawaiian Holdings reported a consolidated net income for the three months ended June 30, 2008 of $54.3 million on total operating revenue of $319.2 million. This compares to a net loss of $3.9 million for the three months ended June 30, 2007. The 2008 net income includes a litigation settlement of $52.5 million before tax, related to the Company’s settlement of its lawsuit with Mesa Air Group. Excluding this recovery, for the three months ended June 30, 2008, the Company would have reported a net income of $1.8 million.