Airlines

DATE:06/05/08
SOURCE:Flight International
Good Week - Bad Week

Good Week

Hawaiian Airlines The Honolulu-based carrier saw rising fuel prices wipe out revenue gains to leave it $19.9 million in the red for the first quarter, but the subsequent demise of rivals Aloha and ATA gave a boost to its plans to raise inter-island fares and charge for second pieces of checked luggage. And settlement of a long-running legal dispute over regional rival Mesa's alleged misuse of confidential information left Hawaiian $52.5 million in pocket

hawaiian

 © Airbus

Bad Week

EOS The all-premium London Stansted-New York JFK carrier filed for Chapter 11 and called in the receivers after failing to close the deal on a $50 million financing package that chief executive Jack Williams said "would have carried us to corporate profitability in 2009". He added: "After overcoming today's extremely challenging economic and credit environment to negotiate terms for a round of financing, it is regrettable that we were forced to take this action."

EOS
 




Rate this article
12345
Poor   Outstanding
Average rating: 2 out of 5

Click here to check out the highest rated articles
 

For exclusive news and expert analysis every week subscribe to Flight International print edition. Included with your subscription are 4 FREE issues and FREE delivery to your home or office.