Hawaiian Airlines has adjusted downward its fourth quarter and full-year financial results for 2016 to recognize an additional $14 million of special-item expenses stemming from its tentative agreement with its pilots.
The state’s largest carrier said Monday it was lowering its fourth-quarter net income to $1.9 million from the $10.6 million it reported last month and that it was reducing its full-year income to $235.4 million from $244.1 million.
Hawaiian announced Friday it had reached a 63-month tentative agreement with the Air Line Pilots Association and that a ratification vote for union members has been scheduled for March 6-24. If ratified, the new contract would become effective April 1 and remain in effect until July 1, 2022.
Startup raises $520,000 for farmer-aid app
Smart Yields, a Hawaii-based agriculture-tech startup, said Monday it raised $520,000 for its application aimed at helping farmers.
Smart Yields is a mobile and desktop application that analyzes environmental conditions of farms with sensors and alerts farmers through the status of their land.
“We’re committed to developing innovative technologies to help growers achieve greater productivity and efficiency, supporting their communities, and ultimately helping feed the world’s growing population,” Smart Yields’ CEO Vincent Kimura said in a statement. “Here at home, as Hawaii bolsters its local food production, technology will play a critical part in helping our state achieve a more sustainable future.”
Smart Yields recently was accepted into the Energy Excelerator, a Honolulu-based startup support program which funds startups that focus on clean energy. The farming app said it plans to expand its scope in 2017, looking to include data from gardeners, and working with schools to support STEM education.
Japan’s economic growth slowed in 2016
TOKYO >> Japan’s economy expanded at a steadily slowing pace in 2016, though a modest recovery in exports helped offset sluggish spending by households and businesses, according to data reported Monday.
The 1.0 percent annual pace of expansion for the year compared with 1.2 percent growth in 2015.
ON THE MOVE
The Hawaii Medical Service Association has announced that Gina Marting has been promoted to chief financial officer. She has been with the company since 1996 and first started as manager of Contracted Plans in the statistics department. Besides overseeing the financial operations, accounting and reporting functions for HMSA and its subsidiaries, the HMSA Foundation and the Credit Union, Marting was also involved in the financial management of HMSA contracts for Medicaid, Medicare and federal programs.
ProService Hawaii has appointed Trisha Nomura to chief people officer. She is responsible for heading the HR team to recruit, hire, train, evaluate and enable people development and culture building. This year Nomura will be responsible for leading the HR team to hire 50 to 60 people for the company. She was previously chief operating officer at HiHR, prior to ProService’s acquisition of that company in August.
