HONOLULU – April 16, 2010 - Hawaiian Airlines applauded aggressive new federal legislation proposed today in Washington, DC by Arkansas Senator Blanche Lincoln that would limit the practice of speculation in oil markets, which has contributed to higher oil prices in recent years.
The “Wall Street Transparency and Accountability Act of 2010” would close loopholes in trading laws that allow speculators to buy and sell oil futures like securities, without the same amount of oversight and regulation.
Mark Dunkerley, Hawaiian’s president and chief executive officer, commented, “Speculation in oil futures has caused enormous damage to our industry and our country’s economy broadly by artificially driving up fuel prices. We applaud Senator Lincoln’s reform bill, which would curtail this practice that allows speculators to profit at the expense of consumers.”
About Hawaiian Airlines
Hawaiian is the nation’s highest-ranked carrier for service quality and performance in 2009 in the 20th annual Airline Quality Rating study, having earned that distinction in three of the past four years. Hawaiian has also led all U.S. carriers in on-time performance for each of the past six years (2004-2009) and has been an industry leader in fewest misplaced bags during that same period (#1 from 2005-2007, #2 in 2008 and 2009) as reported by the U.S.
Department of Transportation. Consumer surveys byCondé Nast Traveler, Travel + Leisure and Zagat have all ranked Hawaiian the top domestic airline serving Hawaii.
Now in its 81st year of continuous service for Hawaii, Hawaiian is the state’s biggest and longest-serving airline, as well as the largest provider of passenger air service to Hawaii from the state’s primary visitor markets on the U.S. mainland. Hawaiian offers nonstop service to Hawaii from more U.S. gateway cities (10) than any other airline, as well as service to the Philippines, Australia, American Samoa, and Tahiti. Hawaiian also provides more
than 150 daily jet flights between the Hawaiian Islands.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com.