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The Honolulu Advertiser
Posted on: Wednesday, January 21, 2004

Hawaiian's operating profits up in December

By Debbie Sokei
Advertiser Staff Writer

Recovery continues for Hawaiian Airlines, which filed for Chapter 11 reorganization in March.

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Hawaiian Airlines yesterday reported earning $13.5 million in operating profits in December on revenues of $68.9 million.

The figures were included in a preliminary and unaudited financial report filed by the airline in federal bankruptcy court.

In November Hawaiian reported $4.2 million in operating profit from revenues of $57.4 million.

The latest numbers reflect continuing recovery for the airline, which filed for Chapter 11 reorganization in March.

Keoni Wagner, spokesman for Hawaiian, said the December results were filed to meet bankruptcy court reporting requirements.

Wagner said he expects the December figures will change after the company finalizes its year-end closing and audit process. The final audit should be completed by mid-March.

Hawaiian also said it plans to add a second daily nonstop flight from Seattle to Honolulu starting March 1. The flight will leave Seattle at 11 a.m. and arrive in Honolulu at 3:20 p.m.

Hawaiian has provided daily nonstop service between Seattle and Honolulu since 1986 and also offers daily nonstop service between Seattle and Maui.

Reach Debbie Sokei at 525-8064 or dsokei@honoluluadvertiser.com.