=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SF Gate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2002/05/17/f= inancial1313EDT0129.DTL ---------------------------------------------------------------------- Friday, May 17, 2002 (AP) Hawaiian Airlines chief executive officer Casey resigns (05-17) 10:13 PDT HONOLULU (AP) -- Hawaiian Airlines' chief executive officer Paul Casey announced his resignation Friday, effective at the end of next month. Hawaiian chairman John W. Adams will assume the additional duties of president and CEO until a permanent successor can be found, Hawaiian said in a news release. Casey joined Hawaiian as president and CEO in 1997 having previously led the Hawaii Visitors and Convention Bureau for two years following an eight-year career with Continental Airlines. He was named to the additional role of vice chairman at Hawaiian in January 2001. "Of all that we've accomplished over the past five years, the most satisfying to me is that we've changed the culture at Hawaiian from command-and-control into a more collaborative approach to management in which every employee has a voice," Casey said in a statement. "Hawaiian is stronger today because there's more teamwork and communication at all levels of the company, and that's gratifying." Casey said he plans to take some time off. Under terms of the planned merger between Hawaiian and Aloha Airlines, Casey would have left his job upon the merger's expected completion in the first half of 2002. After the deal collapsed in March, Casey told Adams he had moved mentally beyond his position at the airline while knowing that Adams wanted to take on a greater role. Under Casey's tenure, Hawaiian Airlines increased revenue by nearly 60 percent through operational growth and marketing, the airline said. On Tuesday, Hawaiian announced it suffered a net loss of $18.6 million f= or the first quarter of 2002, which ended March 31. The loss compares to net income of $216,000 for the same period last yea= r, which included a $3.6 million adjustment to a previously recorded DC-9 fleet restructuring charge. Excluding the adjustment, Hawaiian would have reported a loss of $3.2 million. Scheduled passenger revenues for the quarter were essentially flat year-over-year at $113 million compared to $113.8 million in the 2001 period, the company said. Total revenues for the quarter declined $9.9 million to $138.1 million because of an $8.8 million drop in charter revenues associated with charter Renaissance Cruises ceasing operations in September 2001. Casey said the company saw the continued effects of Sept. 11 with the lo= ss of substantial charter revenues with the shutdown of Renaissance Cruises. On the Net: Hawaiian Airlines, http://HawaiianAir.com =20 ---------------------------------------------------------------------- Copyright 2002 AP