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The Honolulu Advertiser

Posted at 12:49 p.m., Thursday, August 21, 2003

Hawaiian Airlines’ income increases

By Dan Nakaso
Advertiser Staff Writer

Hawaiian Airlines, which has been reorganizing under bankruptcy protection, saw its July net income rise to $15.7 million during a busy summer travel season.

The month’s strong showing contributed to Hawaiian’s $23.5 million in net income for the first seven months of 2003, according to a monthly operating report Hawaiian officials filed in federal bankruptcy court.

Hawaiian’s July performance followed positive earnings in June of $9.6 million in net income. For the first six months of 2003 through June, Hawaiian only had $7.7 million in net income.

Shares of Hawaiian’s parent company closed at $1 per share today on the American Stock Exchange, up 20 cents from the day before. On Tuesday, the stock exchange resumed trading stock of Hawaiian Holdings, Inc. after a halt of more than a month.

Trading resumed after Hawaiian Holdings settled a dispute over unpaid bills from its former stock transfer agent.

But the stock could still be delisted if the parent company fails to meet certain regulatory and financial requirements for continued listing.

Hawaiian Airlines’ $16.9 million in operating income for July increased its seven-month total to $30.7 million. It had $70.6 million in total operating revenues in July and $395.3 million for the first seven months of the year.

Reach Dan Nakaso at 525-8085 or dnakaso@honoluluadvertiser.com.