8/19/2008

Even without competition from defunct Aloha Airlines, Hawaiian carrier go! posted losses of $7.4 million for the third quarter, dragging parent company Mesa Air Group to a loss of $3.2 million. Despite a 151% gain in operating profits following the shutdown of Aloha, operating losses at go! were up 132% due largely to the cost of fuel. "While the airline industry in general, and Mesa in particular, face a number of challenges in today's exceptionally difficult operating environment, we remain resolutely committed to returning the company to sustained profitability and delivering the best service possible to our passengers and airline partners," Mesa CEO Jonathan Ornstein said in a news release.

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