Hawaiian Airlines, which is phasing out its long-range Boeing 767 aircraft from its fleet, said Tuesday it has reached a deal to sell three of its 767s to United Airlines during the second half of the year. Hawaiian currently has eight 767s in its fleet and plans to retire or sell all of them by the end of 2018.
The state’s largest carrier, which on Monday reported record earnings, revenue and passengers for 2017, did not disclose the price or terms of its deal with United.
U.S. consumer confidence rises in January
WASHINGTON >> Americans continued to feel confident about the economy this month, a good sign for consumer spending and economic growth.
The Conference Board, a business research group, says its consumer confidence index rose to 125.4 in January from a revised 123.1 in December.
The business research group’s index measures consumers’ assessment of current conditions and their outlook for the next six months. Their view of today’s conditions slipped slightly, but their expectations for the future rose.
Economists watch the Conference Board report closely because consumer spending accounts for about 70 percent of U.S. economic output.
Consumer spending rose at a 3.8 percent annual pace from October through December, the fastest pace since the spring of 2016. But Americans haven’t been getting big pay raises, so they’ve had to dip into savings. The Commerce Department reported Monday that the savings rate dropped to 2.4 percent of after-tax income in December, the lowest since September 2005.
ON THE MOVE
The Hawaii Employers Council’s board of governors has appointed Kurt Fey, executive director at Y. Hata & Co. Ltd., as chairman for 2018. Fey has more than 30 years of leadership and operational management experience, and he has served on the HEC board since 2014 and on its executive committee since 2017.
