Hawaiian Airlines passenger traffic drops

Hawaiian Airlines reported Monday that passenger traffic was down in June, but the carrier reported an increased load factor — the measure of how efficiently it fills seats on planes.

The state’s largest carrier transported 1,004,487 passengers — a 3.9% drop from 1,045,740 passengers in June 2018. However, Hawaiian’s load factor — share of seats filled — increased by 1.2 percentage points to 89%.

Revenue passenger miles — or one paying passenger transported one mile — increased 1.6% to more than 1.5 billion. Available seat miles, or one seat transported one mile, was flat at just over 1.7 billion.

For the year, passenger traffic has fallen more than 2% to nearly 5.8 million. The airline’s revenue passenger miles rose more than 3% to over 8.6 billion, and its available seat miles increased nearly 3% to just over 10 billion. Its load factor increased three-tenths of a percentage point to 86.1% from 85.8%.

Hawaiian, which made its traffic and expansion announcement after the market closed, saw its shares rise 12 cents to $28.12 during the regular trading session.

Hawaii State FCU tops $1B in loan balances

Hawaii State Federal Credit Union has topped $1 billion in loan balances to become the state’s first billion-dollar credit union lender.

The company’s loan growth doubled to more than $1 billion in June from $509 million in June 2014.

“Our $500 million in loan growth over the past five years proves that people recognize the value that Hawaii State FCU delivers through its better rates and lower fees,” Andrew Rosen, president and CEO of Hawaii State FCU, said Monday. “We’re very proud of the fact that 99% of our loans are here in Hawaii to support local residents and small businesses.”

Hawaii State FCU, founded in 1936, serves state, city and county employees as well as nonprofits and select businesses and their families across the state. The credit union has nearly 110,000 members and $1.6 billion in assets.

ON THE MOVE

First Hawaiian Bank has announced the following promotions:

>> Donna Kojima to vice president and Kaneohe branch manager. Her responsibilities includes leading the team of banking professionals in order to build relationships with business and individual customers to help them achieve their financial goals. Kojima started at First Hawaiian Bank 34 years ago while serving as an account clerk at the Credit Department. Since then she has held a variety of leadership positions, including working in the Aina Haina, Ward, Kaneohe Bay and main branch locations.

>> Alfred Lee to vice president and secondary marketing manager in the Investor Management Department. His responsibilities include managing the department’s daily residential pricing strategies, mortgage rates as well as the optimization of loan sales and looking over the mortgage rate lock desk. Lee started with First Hawaiian Bank 15 years ago and served as a mortgage loan officer and later moved into secondary marketing.