Hawaiian Holdings net income jumps from $113.7m to $182.6m
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Adjusted net income in Q4 grew to $48.5 million.
For the full year, GAAP net income grew to $182.6 million or $2.98 per diluted share, a year-over-year increase of $113.7 million or $1.88 per diluted share.
Adjusted net income in the fourth quarter grew to $48.5 million or $0.85 per diluted share, an increase of $22.4 million or $0.45 cents per diluted share year-over-year.
For the full year, adjusted net income grew to $189.3 million or $3.09 per diluted share compared to $97.1 million or $1.55 per diluted share in the prior year.
GAAP pre-tax margin increased to 10.7% and 12.7% for the fourth quarter and full year 2015, respectively.
Adjusted pre-tax margin increased to 13.8% and 13.2% for the fourth quarter and full year 2015, respectively.
The Company lowered its leverage ratio to 2.7x in 2015 while maintaining a strong cash position of $560 million in unrestricted cash, cash equivalents, and short-term investments. ■