80
Hawaiian Airlines cuts forecasts
Hawaiian Airlines has cut some of its revenue and expense forecasts for the second quarter.
The state’s largest carrier said yesterday that it now expects passenger revenue per available seat mile to increase 6.5 percent to 8.5 percent, down from the range of 8 percent to 11 percent that it forecast after the first quarter.
Hawaiian also said it expects its cost per available seat mile, excluding fuel, to increase by 3.5 percent to 5.5 percent – lower than the 5 percent to 8 percent increase that the company previously forecast.
Pearlridge adding 3 tenants
Pearlridge Center is adding three tenants to its roster over the next few months.
Aeropostale will open Friday in a 2,900-square-foot space next to Gymboree in the Uptown phase of the center.
Blue Hawaii Surf is expected to open in November on the second-level Uptown, while Title Guaranty Escrow is slated to open in September in Pearlridge West. Other previously announced retail tenants include Bed Bath & Beyond and Panda Express, both of which are opening this summer.
Pearlridge Center, a 1.2 million-square-foot shopping center, has about 200 stores.
Marriott’s Edition to open in October
Marriott International and New York boutique hotel developer Ian Schrager have set October as the month for the opening of the Waikiki Edition, the first in a global line of luxury hotels. The Waikiki Edition will be located at the former Yacht Harbor Tower that was once part of the Ilikai.
The 353-room midrise will be the first example of the ultra-stylish brand designed for Marriott by Schrager, who is also known for co-founding the famed New York disco Studio 54. The Waikiki Edition will include a nightclub, a restaurant by chef Masaharu Morimoto, a spa, a poolside movie theater and iPads in each room.
Puna geothermal plant up to speed
Puna Geothermal Venture said its geothermal plant in Puna on the Big Island is back at full production after the completion of drilling and the cleaning of production wells there.
"We are satisfied with the results of the well field work that was completed within the budget and on time," said Dita Bronicki, chief executive officer of the company’s parent, Ormat Technologies Inc.
Puna Geothermal Venture is the only commercial producer of geothermal energy in Hawaii, producing geothermal-generated electricity for Hawaii Electric Light Co., according to the company’s website.
Ormat operates geothermal and recovered energy-based power plants in the United States, Guatemala, Nicaragua and Kenya.
Wynn Resorts lays off 261 in Vegas
LAS VEGAS » Wynn Resorts Ltd. laid off yesterday 220 hourly and 41 salaried workers from its two Las Vegas hotel-casinos, Chief Executive Officer Steve Wynn said.
Wynn said the cuts were made after some workers expressed support for layoffs instead of wage and hour reductions. The company cut wages and hours 18 months ago and were meant to be temporary, he said.
Wynn says 2,300 hourly workers who want to work full time but were reduced to 32 hours per week will have their hours restored. Wynn said 1,400 workers earning less than $200,000 per year who took 15 percent pay cuts will have their salaries restored.
ON THE MOVE
Prudential Locations has announced the following promotions:
» James Chan to partner from real estate agent for the last six years. He received his bachelor of science in managerial economics from the University of California at Davis.
» Elizabeth Makanani to partner from real estate agent. Her experience includes assistant vice president for Bank of Hawaii.
National Armed Services YMCA and the Honolulu Board of Management ASYMCA Executive Committee has appointed Stanley W.O. Lum as executive director of Armed Services YMCA of Honolulu. He is an experienced nonprofit financial development executive with more than 25 years in the health, human services and education industry, including American Red Cross, Office of Hawaiian Affairs and St. Francis Healthcare Foundation.
Anna M. Skrobecki has joined Hawaiian Commercial & Sugar Co. as senior vice president of the factory and power plant operations. Her experience includes operations as vice president at Wausau Paper in Wausau, Wis., vice president and mill manager at Weyerhaeuser.
