Despite the shutdown of Aloha Airlines in March, operating losses at airline Go doubled in the latest quarter, to $7.4 million. During the three months ending June 30, Go's losses were up from a $3.7 million loss in the year-earlier period.
In the past nine months, Go has lost $22.9 million, up from $9.5 million during the year-earlier period. The March 31 shutdown of Aloha Airlines boosted Go's sales as the carrier added flights to make up for the loss of the state's No. 2 carrier.
The company's operating revenues increased 151% to $15.6 million, from the year-earlier quarter's $6.2 million. But operating costs also soared 131.9%, to $23 million, from Q3 2007's $9.9 million.