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Northwest halves Tokyo flights
Faced with a drop in international travel, Northwest Airlines has halved its Tokyo-Honolulu service to one flight a day from two.The airline said it has made other cuts in its Asia services, but that is the only one that affects Hawaii. A spokesman said the cut is scheduled to last through May 3 but could go longer if the war in Iraq continues to hurt travel. Northwest has not changed its mainland-Hawaii services except cutting about 80 seats a day by replacing a Boeing 747 with a McDonnell-Douglas DC-10 in the Detroit-Honolulu daily service.
Hawaiian lands ANA contract
Hawaiian Airlines has landed a one-year contract to perform ground handling for All Nippon Airways flights at Honolulu Airport. The agreement, which takes effect April 16, was awarded in a bid process and includes an option for annual renewal.Among Hawaiian's duties will be passenger and baggage check-in, gate handling, passenger boarding, staffing of ANA's Executive Club, and leading passengers through the customs and immigration arrival process.
ANA has one scheduled flight per day that arrives at 8:55 a.m. in Honolulu from Narita, Japan. The return flight to Narita departs daily at 10:15 a.m.
Continental to cut summer flights
CHICAGO >> Continental Airlines said today it will cut its summer flight schedule by 2 percent versus a year ago and trim more jobs to better match a decline in air traffic.The No. 5 U.S. airline said the capacity cut would result in additional job losses beyond the 1,200 it announced in March. Continental said two weeks ago it was eliminating 1,200 jobs by year end and targeting $500 million in annual cost cuts as the war in Iraq weighed on its business. The carrier said it was not eliminating routes, but instead reducing the number of flights on certain routes that have weaker demand.
Daiei misses profit targets, paper says
KOBE, Japan >> Daiei Inc., Japan's third- biggest retailer, probably missed its profit targets for the year ended Feb. 28 because of falling sales, the Nihon Keizai newspaper reported, without citing anyone, according to Bloomberg News.Daiei's parent company's pretax profit from operations probably totaled about &YEN14.5 billion ($123 million) in the 12-month period, down 28 percent from its forecast, the report said. The company's profit totaled &YEN14.1 billion a year earlier.
The company declined to comment on the newspaper report, saying it is still calculating its earnings scheduled to be released on April 18, according to company spokesman Mitsuru Sano. Daiei may have to lower its profit goals in its three-year business plan through February 2005, after missing its first-year targets, the Nihon Keizai said.
Postal Service in the black for half of year
WASHINGTON >> The Postal Service finished the first half of its fiscal year -- its highest revenue period -- $1.65 billion in the black, the agency reported today.Chief Financial Officer Richard Strasser reported that while mail volume is still down because of the uncertain economy, the Postal Service has been able to cut costs and increase productivity.
For the fiscal year that started in September, revenue so far is $32.8 billion and expenses have totaled $31.1 billion, leaving a net income of $1.65 billion, Strasser told the agency's board of governors.
However, he pointed out that the Postal Service makes most of its revenue in the first two fiscal quarters and expects losses over the summer.
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[Hawaii Inc.]
NEW JOBS
>> HomeStreet Bank has hired Peter Anderson as loan officer at its Honolulu branch. Anderson will provide mortgage consultation, specializing in construction and renovation loans for Oahu, particularly the Leeward coast. Anderson has more than five years experience in real estate in California and Hawaii. Previously, he was a Marine aviator and spent 30 years as an American Airlines captain.>> The Organ Donor Center of Hawaii has named Anita L. Swanson executive director. Prior to this position, Swanson served as deputy director at the state Department of Health for four years, responsible for statewide behavioral health programs. Swanson previously was involved with the start-up of North Hawaii Community Hospital and the Mediation Center on the Big Island. Swanson has more than 25 years of experience as a certified public accountant in Arizona and Hawaii.
PROMOTIONS
>> City Mill Co. Ltd. has promoted Ryan Yoshimoto to assistant store manager in its Honolulu store. Yoshimoto started at the company in 1996 as a part-time sales associate. City Mill has 8 stores on Oahu.City Mill also promoted Brian Cremen to assistant store manager in its Kaimuki store. He started at City Mill as a supervisor trainee a year ago. City Mill has eight home improvement stores on Oahu.
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