Hawaiian Air Moving to Fill Void

Airline operator Hawaiian Holdings(HA Quote) lost $20 million in the first quarter, but that now seems like ancient history to the carrier, which saw two of its principal rivals shut down in recent weeks.

Hawaiian has seized the opportunity, particularly this week, when it began Oakland to Honolulu service, raised interisland fares, added a fee for extra baggage on the trans-Pacific routes, and settled a lawsuit that brought it $52.5 million in cash.

Additionally, Hawaiian reported first-quarter results on Wednesday. The loss was equivalent to 42 cents a share, compared with a loss of 25 cents a year earlier, but on the positive side, revenue rose 16.7% to $251.2 million. ...