Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, reported a $3.9 million profit during the second quarter of 2012. This represented the 13th positive quarter for the airlines over the last 14 quarters. The strong results are being directly credited to the expanding services that Hawaiian Airlines has made to Asia, North America, the Pacific Region and the neighbor islands of Hawaii. Mark Dunkerley, President and CEO of Hawaiian Airlines, stated, “We clearly believe that we’re expanding at a rate that the market justifies.”
Dunkerley added, “Our international markets performed extremely well. Our North American routes performed well, and our neighbor island business was still fairly weak, but it was less weak than it had been three months previously. It’s weak for a couple of reasons. More direct flying from the U.S. mainland to neighbor islands reduces the demand for neighbor island flights. And the improvements in infrastructure in the neighbor islands reduces the need for people to travel to Oahu.”
Source: Honolulu Star Advertiser, 7-25-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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