HONOLULU (KHNL) -- Aloha Airlines has filed for Chapter 11 bankruptcy.
The airlines announced Thursday afternoon that it filed a petition for protection under Chapter 11 of the U.S. Bankruptcy code.
Aloha says it will seek the court's approval to allow the company to continue operating.
In its filing, Aloha cited its inability to generate sufficient revenues from its inter-island passenger business due to Mesa Air group's go! Airline.
Mark Dunkerley, president and CEO of Hawaiian Airlines, responded to Aloha Airlines Chapter 11 bankruptcy filing by issuing the following statement:
"The action taken by Aloha Airlines today reflects the difficult operating environment in Hawaii's airline industry. It is extremely challenging and marked by high operating costs, record high fuel prices and a very competitive pricing structure.