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The Honolulu Advertiser

Posted at 11:48 a.m., Monday, October 17, 2005

BUSINESS BRIEFS
Barnwell Industries declares stock split

Advertiser Staff and News Services

Honolulu-based Barnwell Industries today declared a three-for-one stock split for shareholders of record as of Oct. 28. The new shares will be distributed Nov. 14.

"In light of the company's strong financial condition and continuing strong financial performance, the Board of Directors has determined that a further split of the company's stock is appropriate at this time," said Morton Kinzler, chairman and chief executive officer. "We believe the split will also provide additional market liquidity for our shareholders," he said.

Barnwell's shares closed today at $62.50, up $2.92 on the American Stock Exchange.



DOT requires Hawaiian Airlines to file flight delay data

Hawaiian Airlines will have to start reporting flight delay and lost baggage data starting in January because it accounts for more than 1 percent of all domestic passenger revenue, the U.S. Department of Transportation said Monday.

The department's Bureau of Transportation Statistics said Hawaiian had revenue of $664 million for the 12 months ending March 31. That fell above the 1 percent threshold of $660 million.

The department says Hawaiian already voluntarily reports flight delay and mishandled baggage data along with the 18 carriers required to submit them.

Hawaiian emerged from bankruptcy in June, more than two years after it filed for reorganization. A Hawaiian Airlines spokesman was not immediately available for comment.