Posted at 12:56 p.m., Tuesday, February 20, 2007
Hawaiian Holdings Inc. narrows losses in 4th quarter
Advertiser Staff
The parent company of Hawaiian Airlines narrowed its losses in the final three months of 2006 compared with the same period a year earlier.Hawaiian Holdings Inc. said today it lost $9.6 million, or 20 cents a share in the fourth quarter, compared with a loss of $19.5 million, or 43 cents per share during fourth quarter of 2005. For all of 2006, Hawaiian said it lost $40.5 million, or 86 cents per share, compared to 2005's loss of $12.4 million, or 32 cents per share.
Hawaiian attributed the losses to higher fuel prices and increase competition in the interisland market with the June 9 launch of Phoenix-based Mesa Air Group's go! airline.
