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Reported by Star-Bulletin staff & wire
Wednesday, July 12, 2000
Hawaiian Air records soaring business
Hawaiian Airlines carried 564,151 passengers in June, a 15.5 percent increase from 488,508 in June 1999. The airline increased its available seat miles (the number of seats multiplied by the number of miles flown) by 20.4 percent from a year earlier, to 623.9 million from 518.1 million. However, passenger demand was so strong that Hawaiian's load factor rose to 84.6 percent. In the previous June, the load factor - the percentage of available seats occupied by passengers - was 82.4 percent. Through the first half of this year, Hawaiian carried 3.13 million passengers, up 13.1 percent from 2.76 million in the year-earlier period. Hawaiian flies mainland-Hawaii and Hawaii-South Pacific routes in addition to its interisland services.
Reports: AMR makes offer for Northwest
DALLAS - American Airlines parent AMR Corp. has reportedly made a $3.7 billion bid to buy Northwest Airlines Corp., though the two sides are still far apart.Sources familiar with the negotiations told the Washington Post and The Dallas Morning News in today's editions that AMR, parent company of the nation's second-largest airline, has offered $44 per share for Northwest, the nation's No. 4 carrier. However, Northwest is reportedly looking for more than $100 a share, the Post said. A source told the Post that AMR's offer has been on the table for weeks. Northwest shares closed up $2.12 to $37.87 in Nasdaq trading today, 56 cents off its 52-week high.
In other news . . .
Oahu Educational Employees Federal Credit Union, which has more than $374 million in assets and more than 57,000 members, has been renamed HawaiiUSA Federal Credit Union. The new name reflects the union's expanding membership and services, said Ron Ogata, the credit union's president and CEO.