Posted on: Friday, April 1, 2005
BUSINESS BRIEFS
Profitable year, Hawaiian says
Advertiser Staff
Hawaiian Airlines reported a $71.1 million operating profit last year, mostly all of it during the first eight months, according to Hawaiian's audited financial results.
More than 95 percent of Hawaiian's profits occurred from January through August, before Hawaiian began feeling the brunt of increased competition and a 40 percent jump in fuel costs compared to 2004.
The 2004 operating profit came on revenue of $764 million. By comparison, Hawaiian reported an operating profit of $77.5 million in 2003 on revenue or $697.7 million.
Josh Gotbaum, Hawaiian's bankruptcy trustee, praised Hawaiian employees yesterday for contributing to the company's profitable year, as well as leading the airline industry in 2004 for its on-time record.
The Keauhou Beach Resort on the Big Island has been re-branded an Outrigger property and is undergoing several improvements to its restaurants, banquet facilities and public areas.
The 309-room oceanfront Outrigger Keauhou Beach Resort formerly operated under Outrigger Enterprises Inc.'s Ohana brand, which usually flags properties for more budget-conscious travelers.
As part of its re-branding, the hotel has made several improvements, including upgraded restaurant and room amenities and landscaping. Additional work, including new equipment and outdoor lighting, will be completed by the end of the year.
Gasoline prices statewide continued to rise to new highs, according to a survey released yesterday by the AAA Daily Fuel Gauge Report.
The average price for regular gasoline in Honolulu rose 0.1 cent to a record $2.365 a gallon yesterday. That helped push the statewide average up slightly to $2.458 a gallon, which also was a new high.
In Wailuku, Maui, the price was $2.664 a gallon. In Hilo, the average for regular was $2.468 a gallon.
Kona hotel uses Outrigger brand
Gasoline prices break record
