The parent company of Hawaiian Airlines reported second-quarter net income fell to $27.5 million, from $54.3 million a year earlier when the airline had a large gain from the settlement of litigation.
Hawaiian Holdings Inc. reported the profit equated to 53 cents per share. A year earlier it had a profit of $1.09 a share.
Hawaiian noted the year earlier profits were affected by the inclusion of $52.5 million from the lawsuit settlement.

The Honolulu-based company said the second quarter market a period of good financial performance, with lower fuel prices offset by much lower demand because of the recession.
The company also announced it had ended a stock repurchase program that was started in March 2009. The program is being ended after 201,651 shares were bought because of a big increase in stock price since the program started.