Hawaiian Airlines tops in punctuality again
Hawaiian Airlines remained on top for punctuality among the nation’s airlines in August as 94.8 percent of its flights arrived on time, according to the U.S. Department of Transportation’s Air Travel Consumer Report issued Thursday.
The carrier exceeded the national average by 15.5 percentage points.
Hawaiian also had the best score for fewest canceled flights at 0.1 percent, or four cancellations out of 5,832 flights.
In other areas, Hawaiian was second for fewest mishandled bags with 2.10 mishandled baggage reports for every 1,000 passengers carried, and was third for fewest consumer complaints at 0.77 percent, with six complaints compared with almost 780,000 passengers carried in August.
Territorial completes another stock buyback
Territorial Bancorp Inc., the holding company of Territorial Savings Bank, said Thursday it has completed its second stock repurchase program. The company repurchased 581,265 shares of its common stock at an average price of $19.16 a share.
Shares of the company fell 20 cents to $19.70 Thursday on the Nasdaq Stock Market.
Google earnings rise 26%, top forecasts
SAN FRANCISCO » Mounting worries over another global recession haven’t shaken Google.
The online search and advertising leader’s third-quarter earnings, released Thursday, are the latest reminder of how Google Inc. has used its position as the Internet’s dominant gateway to build a business that endures economic turbulence better than most companies.
Investors quickly showed their approval as Google’s stock price surged 6 percent. The stock climbed $33.37 to $592.36 in extended trading after the release of results.
Google earned $2.7 billion, or $8.33 a share, in the three months ended in September. That was up 26 percent from nearly $2.2 billion, or $6.72 a share, a year earlier.
If not for expenses covering employee stock compensation, Google would have earned $9.72 per share. That figure easily beat the average estimate of $8.77 per share among analysts surveyed by FactSet.
Revenue climbed 33 percent from last year to $9.7 billion.
JPMorgan’s income fall casts pall over banks
NEW YORK » If JPMorgan Chase can’t do well, investors worry that other banks might do even worse.
The New York bank, widely considered the strongest in the industry, reported Thursday a 4 percent drop in income last quarter on weakness in investment banking and more costs related to litigation over mortgage investments.
That bodes poorly for the other big banks — Citigroup Inc., Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley — that are set to report results next week. JPMorgan warned that continued uncertainty in global markets could hurt fourth-quarter results, too.
JPMorgan’s third-quarter net income fell 4 percent to $4.26 billion, or $1.02 a share, on revenue of $24.37 billion.
Safeway’s profit climbs on higher revenue
PORTLAND, Ore. » Safeway Inc. says it’s coming up with new answers as it finds itself facing the same economic challenges that have plagued the grocery industry for years.
The company managed to increase its fiscal third-quarter profit as it increased its sales of private-label products and relied more on gasoline sales to drive its revenue. It also has put a heavy emphasis on reducing product loss, due to breakage, theft or other means, to control costs and improve its profitability.
Safeway, based in Pleasanton, Calif., said its net income rose to $130.2 million, or 38 cents a share, for the period that ended Sept. 10, up from $122.8 million, or 33 cents a share, a year ago. Revenue rose 7 percent to $10.06 billion.
U.S. unemployment applications flat
WASHINGTON » The number of people applying for unemployment benefits fell slightly last week, a sign the job market isn’t getting much better.
Applications ticked down by 1,000 to a seasonally adjusted 404,000, the Labor Department said Thursday.
ON THE MOVE
Kaiser Permanente Hawaii has promoted Donald Stevens to executive director of national facilities services from director of capital projects. He joined Kaiser in 2009 as manager of facilities services. He has more than 25 years of construction and facilities management experience.
Hale Kipa has announced the following new officers to its board of directors:
» Sherri-Ann Iha has served as a district/family court judge in the state Judiciary since August 2010 and is a former deputy prosecuting attorney at the Department of the Prosecuting Attorney.
» Michael Magaoay has served as an electrical consultant for MYM Services since 2009 and has more than 35 years of experience in various engineering disciplines including management.
» Scott W.H. Seu will now serve as secretary to the board. He was previously an officer.
Windward Mall has named Katy Villiers as specialty leasing manager. She returns after a three-year hiatus, recently serving as a strategic partnerships representative for a property management company with properties including Ala Moana Center, Prince Kuhio Plaza and Whalers Village.
