Aloha says fuel costs behind $963,000 loss

Advertiser Staff

Aloha Airlines and its former subsidiary, Island Air, continued to suffer losses in the second quarter of the year as increased fuel costs cut into revenue of $114.2 million.

Revenue at Aloha Airgroup Inc. rose 10.1 percent, but the gain was offset by a 37.6 percent rise in fuel costs, the company said. The result was a loss of $963,000 for the quarter.

It was the third consecutive quarter in which Aloha Airgroup Inc., a privately held company, experienced losses.

During the second quarter of this year, Aloha Airgroup Inc. saw fuel prices that averaged $1.17 per gallon, company officials said yesterday. Fuel prices, which fluctuate daily, were at $1.43 per gallon yesterday, the company said.

Aloha Airlines sold Island Air in May. Second-quarter results for Aloha Airlines are expected to be released next week.

Han H. "Sonny" Ching, Aloha Airgroup's chairman, announced this week that Glenn R. Zander will resign as Aloha Airlines president and chief executive officer, effective Oct. 5, to help care for his wife in Georgia.

Brenda F. Cutwright, Aloha's executive vice president and chief operating officer, has been named acting president and chief executive officer.