Aloha Airlines Halting Passenger Service

[Omaha Steve]

http://money.excite.com/jsp/nw/nwdt_rt_top.jsp?news_id=ap-d8vo9s5o0&

Monday March 31, 4:14 AM EDT

HONOLULU (AP) — Aloha Airlines said Sunday it will halt all passenger service after Monday, signaling the end of an airline that has served Hawaii for more than 60 years.

Aloha, which filed for bankruptcy for Chapter 11 bankruptcy protection on March 20, was a casualty of fierce competition and rising fuel prices. The airline said it will stop taking reservations for flights after Monday.

"We simply ran out of time to find a qualified buyer or secure continued financing for our passenger business," said Aloha President David Banmiller in a statement. "We had no choice but to take this action."

Aloha has suffered since Phoenix-based Mesa Air Group Inc. launched a new interisland carrier called go! airlines in 2006, triggering a local airfare war.

In January, go! reported a $20 million operating loss in its first 16 months of operations. Meanwhile, Aloha and Hawaiian Airlines — the other major interisland carrier — reported combined losses of nearly $65 million since go! began operating.

Aloha's bankruptcy filing said the airline was unable to generate sufficient revenue due to what it called "predatory pricing" by go! Banmiller didn't mention go! by name in his statement, but did blame the company's demise on rival companies.

FULL story at link.

Dog is scared of thunder. Got me up at 4:30.

[opihimoimoi]

1. Well, its ALOHA to Aloha Airlines....which was my fave whenever going interIsland

The low fares will now go up...like everything else....

Gas here is still under $4

Bankruptsies are up...foreclosures are up

Everything is up cept solutions...

Ya would think our Leaders would fuckin LEAD

Instead all we get is excuses....

[sam sarrha]

2. the Credit Wars begin...