On March 21, 2003, Hawaiian Airlines had filed for bankruptcy and stayed there for 26 months until June 2, 2005. At that point, many wondered if Hawaiian Airlines would ever fully recover and return to its former glory and success. Fortunately for the company, strong leadership has helped to turn around their operations completely and an improving economy has allowed Hawaiian to add new domestic and international routes. Since 2005, Hawaiian has increased the number of employees from 3,317 to 4,816 and has plans to add another 300 positions in 2013.
Imperial Capital investment bank’s analyst, Bob McAdoo, stated, ”It’s a very different company since bankruptcy. In addition to having more money in the bank, they’ve diversified their customer base and gone into a bunch of markets that are a lot less likely to have competition, or where the competition is very different from where they were historically. Historically, their long-haul business was competing against people who were much bigger than them, and they were competing on the basis of price for U.S. customers coming from the West Coast. I think now they have a better book of business, and they’ve spread the risk.”
Source: Honolulu Star Advertiser, 11-11-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
