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The Honolulu Advertiser
Posted on: Friday, June 2, 2006

BUSINESS BRIEFS
Hawaiian Air maintains lead

Advertiser Staff and News Services

Hawaiian Airlines had the best on-time performance during April, making it the 30th month in a row in which the airline's on-time record topped the industry.

The U.S. Department of Transportation said today that 94.3 percent of Hawaiian's flights were on time in April. The DOT report also said Hawaiian had the second-best record for fewest cancellations, baggage handling and fewest oversales.

Rival Aloha Airlines had the fewest complaints from consumers in April, the report said.


FIRST QUARTER ISLE HOME PRICES UP

Hawai'i home prices rose 25 percent in the first quarter from a year earlier, the third-largest increase of any state, a federal agency reported today.

Arizona led first-quarter price appreciation at 37 percent, followed by Florida at 27 percent, according to the Office of Federal Housing Enterprise Oversight.

Nationwide, home prices rose an average of 12.5 percent.


OPEC WILL KEEP OUTPUT STEADY

CARACAS, Venezuela OPEC, pumping almost as much as it can amid soaring oil prices, decided yesterday to keep its output steady, rejecting suggestions by Venezuela to cut production.

Qatar Oil Minister Abdullah al-Attiyah told reporters of the decision after OPEC members finished a closed-door session that solidified an earlier informal agreement not to adjust its official output quota of 28 million barrels per day.