Having faith

摘要

When Mark Dunkerley took the helm of Hawaii's national carrier, Hawaiian Airlines, it was in undergoing a bankruptcy reorganisation caused by a short-term, but significant, drop in ticket sales during a slowdown in travel in the United States in early 2003. The company filed for Chapter 11 reorganisation, improved the business and as demand recovered, was able to fully reimburse all of its creditors. Listed on the NASDAQ, Dunkerley says today Hawaiian Airlines is valued at approximately US$2.5 billion based on the current stock price "so we are much smaller than the major US airlines. Beyond this, we are not directly comparable to them. We are neither a network carrier nor a low-cost carrier.