honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Posted on: Thursday, March 1, 2007

BUSINESS BRIEFS
Fewer fly go! in January

Advertiser Staff and News Services

Interisland carrier go! said its planes were 58.4 percent full during the month of January.

The January load factor was down from December when go!'s planes were 66 percent full. No comparison with January 2006 was available because go! did not begin Hawai'i operations until last June.

go!, the local unit of Phoenix-based Mesa Air Group, said it served 53,208 passengers, which was down 8.9 percent from December's 58,437.


LONGS REPORTS DROP IN INCOME

Longs Drug Stores Corp., the largest drugstore operator in Hawai'i, said net income fell to $26.9 million in the three months ended Jan. 25 as it took an after-tax charge related to the disposition of 31 stores.

The company, based in Walnut Creek, Calif., said it had income of $35.4 million in the similar period a year before.

The company said it also plans to open or relocate 25 to 30 stores this fiscal year, along with remodeling 40 locations. The company operates 509 stores on the West Coast and Hawai'i.


SELF-STORAGE DEAL DISCLOSED

A Utah-based self-storage company has disclosed that it is buying two AAAAA Rent-A-Space facilities in Hawai'i.

Extra Space Storage Inc. of Salt Lake City said the acquisitions are part of 13 self-storage properties in Hawai'i and California being bought from various limited partnerships for about $150 million plus the assumption of about $20 million in debt.

The company made the announcement as part of an earnings report.

The purchase is subject to certain closing conditions and is expected to be completed in the second quarter.