Hawaiian Airlines is flying in front of its peers when it comes to growing its earnings.

The state’s largest carrier parlayed low fuel prices, strong demand and moderate industry capacity growth to a 46.3 percent jump in third-quarter earnings and said it’s optimistic that the momentum will continue through the final three months of the year.

Hawaiian Holdings Inc., the airline’s corporate parent, reported Tuesday that net income rose to $102.5 million, or $1.91 a share, from $70 million, or $1.15 a share, in the year-earlier quarter. Revenue rose 6.3 percent to $671.8 million from $631.7 million. The earnings easily beat analysts’ estimates.

Hawaiian’s success is in contrast to rival carriers Delta Air Lines and United Airlines, which posted lower third-quarter earnings amid lower average fares.

“At the end of last year, and in contrast with the messages being beamed out of the rest of the industry, we indicated 2016 would be a strong year for us,” Hawaiian President and CEO Mark Dunkerley said during an earnings conference call. “As we enter the homestretch, all of us at the company take satisfaction in knowing that we are delivering on the expectations that we set.”

Dunkerley said contract negotiations with the pilots union is progressing. Hawaiian’s pilots were seeking a 45 percent increase in total benefits over an unspecified period, but that could have changed during ongoing negotiations.

Delta’s pilots recently agreed tentatively to a 30.2 percent pay raise over four years, while Southwest Airlines’ pilots agreed in principle to a 29.4 percent pay increase over the same period.

Asked whether those agreements would put pressure on Hawaiian, Dunkerley said, “We’ve always had an expectation where other contracts would settle out, and that’s been baked into the way in which we’ve approached negotiations.”

Hawaiian, which carried a company-record 2.9 million passengers during the quarter, continued to save from lower fuel costs as those expenses fell 18.4 percent to generate savings of $21.9 million from the year-earlier period. Hawaiian paid $1.50 a gallon for jet fuel during the quarter compared with $1.95 in the year-earlier quarter.

The airline said its new daily route between Honolulu and Tokyo’s Narita International Airport that was launched in July is performing better than the company expected. Hawaiian is hopeful for a similar response in late December when it begins additional Tokyo service from Haneda International Airport in central Tokyo.

“We expect to build upon the improved third-quarter (international) results, and we anticipate our international routes will continue to improve sequentially in the fourth quarter,” Hawaiian Chief Commercial Officer Peter Ingram said.

“We are growing capacity in markets where we have a strong competitive position.”

Hawaiian also is preparing for the arrival of additional aircraft that will offer the airline more flexibility.

Two Boeing 717s will arrive next month and be put into service during the first quarter of 2017 to provide more airlift for neighbor island routes during peak midday times on high-demand days.

The company will take delivery early next year of its first of 16 189-seat Airbus A321neos that will be used to fly to yet-to-be-announced points between Hawaii and North America.

And Hawaiian said it expects to have six Airbus A330s redesigned with lie-flat seats by the end of this year and the entire fleet of A330s retrofitted by early 2018.

Hawaiian’s stock rose 76 cents, or 1.6 percent, to close at $49.10 on the Nasdaq Stock Market. The financial results were announced after the market closed.