Honolulu-based regional carrier Island Air will cut services and staff following a $22 million loss in 2014, with a significant $12 million loss in fourth quarter alone. The carrier blamed intense competition from local carriers Hawaiian Airlines and Empire Airlines for the income slump. “We knew that to [maintain our business] in the face of overwhelming competition from other local airlines which ... control nearly 90% of the intra-island market would not be without its ...

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