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Hawaiian Air revenue cut by discounting
Hawaiian Airlines revised its revenue forecast for the third quarter lower on Tuesday. It was the second time in less than five weeks that the state’s largest carrier reduced its revenue forecast. The airline said it had to cut fares to stay competitive, and that has reduced revenue.
Separately, Hawaiian said passenger traffic rose 10.1 percent in September to 760,633 people from 691,166 as the airline operated more flights. Available seat miles, or one seat transported one mile, jumped 30.5 percent to 1.3 million from 994,606. However, Hawaiian’s load factor slipped 2.5 percentage points to 81.7 percent from 84.2 percent. Revenue passenger miles, or one paying passenger transported one mile, increased 26.7 percent to 1.1 million from 837,177.
Taxes due for 68,000 Hawaii residents
The IRS said more than 68,000 Hawaii residents requested an automatic extension to file their 2011 federal income tax return this year, which makes their filing deadline Monday. The IRS, in a news release, recommended taxpayers file their returns electronically using IRS e-file or the Free File system.
"Though Oct. 15 is the last day for most people, some still have more time, including members of the military and others serving in Iraq, Afghanistan or other combat zone localities who typically have until at least 180 days after they leave the combat zone to both file returns and pay any taxes due," the IRS said. Details on all filing and payment options are at irs.gov.
Drop off electronic waste to benefit AUW
Aloha United Way and Pacific Corporate Solutions have partnered for a series of electronic-waste recycling events to benefit Aloha United Way. Donated e-waste will be converted to funds for AUW. The electronics do not need to be in working order.
"Our community recycling events make it convenient for you to get rid of unwanted and obsolete electronics while keeping this waste stream out of the landfill," the organizations said in a news release. "This service is provided at no cost to Hawaii residents."
There will be 12 free drop-off events, starting Saturday from 8 a.m. to 3 p.m. at Kaiser High School. Other events will be held at McKinley High School, Aina Haina Elementary School, Access Information Management in Aiea, Hawaii Pacific University Hawaii Loa Campus, Kailua Intermediate School, Farrington High School, Dole Cannery, Washington Middle School, Mililani High School and Kaimuki High School. For dates and times, see ewastehawaii.com/blog or call Jelyn at 488-8870.
Health changes spur test of more workers
NEW YORK » The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama’s health care law.
Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country. The move entails boosting the number of workers on part-time status, meaning they work less than 30 hours a week.
Under the new health care law, companies with 50 or more workers could be hit with fines if they do not provide basic coverage for full-time workers and their dependents. Starting Jan. 1, 2014, those penalties and requirements could significantly boost labor costs for some companies, particularly in low-wage industries such as retail and hospitality, where most jobs don’t come with health benefits.
Yum gains from rebounding performance
LOUISVILLE, Ky. » The owner of the Taco Bell, Pizza Hut and KFC chains says its third-quarter net income rose by 23 percent as its key China market posted stronger growth.
Yum Brands Inc. on Tuesday also raised its earnings guidance. Shares rose 4 percent in after-hours trading.
Profit came to $471 million, or $1 per share, in the three months ended Sept. 8, compared with $383 million, or 80 cents per share, a year ago. Revenue rose 9 percent to $3.6 billion. Analysts polled by FactSet expected earnings of 97 cents per share on revenue of $3.66 billion.
ON THE MOVE
Coldwell Banker Pacific Properties has announced that Fannie Cline has been promoted to branch manager of the Windward office. Cline, who joined Coldwell Banker in 2009, has worked for Panasonic Corp. in Japan.
The Pacific Club has named John Bethe as its general manager and chief operating manager. He is a certified club manager and was previously a general manger of the Orinda Country Club in California where he served for 12 years. Prior to the country club in Orinda, Bethe was a general manager at Castlewood Country Club .
The National Association of Women in Construction Honolulu Chapter board has elected
Shannon Gascon
as its president. She is a project manager for Haseko Development and has been working in the construction industry for 13 years.
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