Hawaiian Holdings Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Capital Expenditure Guidance for the Fourth Quarter and Earnings Guidance for the Full Year of 2013
For the full year, the company reported total operating revenue was $1,962,353,000 compared to $1,650,459,000 for the same period a year ago. Operating income was $129,398,000 compared to $20,283,000 for the same period a year ago. Income before income taxes was $85,786,000 compared to loss before income tax of $1,082,000 for the same period a year ago. Net income was $53,237,000 or $1.01 per diluted share compared to net loss of $2,649,000 or $0.05 per diluted share for the same period a year ago. Return on invested capital, pre-tax, of 14.9%.
For the first quarter of 2013, the company expects CapEx in the range of $105 million to $115 million.
For the full year 2013, the company expects CapEx in the range of $340 million to $350 million, primarily related to the future aircraft deliveries. The company expects tax rate to be in the 39% to 41% range.