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Hawaiian Airlines Bankruptcy Is Different  
User currently offlineHAL From United States of America, joined Jan 2002, 2572 posts, RR: 53
Posted (10 years 7 months 2 weeks 6 days 4 hours ago) and read 3478 times:

For those who have been anxious to write off Hawaiian because it is in bankruptcy, here is an article that may clear things up.

http://pacific.bizjournals.com/pacific/stories/2004/04/26/story3.html?page=1

Yes, you officially have to have more debt than assets to claim bankruptcy, but it is fairly easy to do that in almost any business if you look far enough ahead in what you owe. Beginning with the very month HA declared bankruptcy it started making profits, and continues to do so today.

To paraphrase a famous writer - The rumors of Hawaiian's death have been greatly exaggerated.

HAL


One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
5 replies: All unread, jump to last
 
User currently offlineNz1 From Australia, joined May 2004, 2272 posts, RR: 25
Reply 1, posted (10 years 7 months 2 weeks 6 days 4 hours ago) and read 3467 times:
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Do HA still fly the DC-10. If so how many in their fleet?

User currently offlineHAL From United States of America, joined Jan 2002, 2572 posts, RR: 53
Reply 2, posted (10 years 7 months 2 weeks 6 days 4 hours ago) and read 3456 times:

The last DC-10 was retired in March 2003. We're an all 767/717 airline now.

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineUA2162 From United States of America, joined Apr 2004, 499 posts, RR: 2
Reply 3, posted (10 years 7 months 2 weeks 6 days 4 hours ago) and read 3451 times:

Do HA still fly the DC-10. If so how many in their fleet?

Nope. They're all gone


User currently offlineUA2162 From United States of America, joined Apr 2004, 499 posts, RR: 2
Reply 4, posted (10 years 7 months 2 weeks 6 days 4 hours ago) and read 3435 times:

Excellent article! As we all know, HA is doing great. I believe there was a post earlier last month about the record profits they're seeing. I'm glad this is the case; I couldn't imagine Hawaii without HA. Many people I know have been comparing HA's bankruptcy to UA and US. This is a mistake. The article is right, the HA bankruptcy is a different ball game.

Nice post!


User currently offlineLMP737 From , joined Dec 1969, posts, RR:
Reply 5, posted (10 years 7 months 2 weeks 5 days 18 hours ago) and read 3340 times:

HAL:

Sounds like things are looking up for Hawaiian. Not sure what to make of the Adams-Carty alliance. Don Carty's name is still mud over here at AA. I hope he's sincere in his endeavors at Hawaiian. Hopefully he has learned from his past mistakes and has had time to reflect on them.

Anyway best of luck to you and Hawaiian! Well not to much luck, at least on the few routes we compete with you.  Big grin


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