An investment analyst has been investigating the long-term prospects of Hawaiian Airlines, Inc. Go to the Hawaiian Airlines Web site (www.hawaiianair.com) and click on “About Us.” Then click on “Investor Relations” and “Annual Reports.” Finally, click on “2005 Annual Report.” Look over the entire set of financial statements. Focus primarily on Note 2 to the financial statements, “Hawaiian’s Bankruptcy and Reorganization.”

Required LO4 Write a memo to summarize the information found in this financial statement note and in the rest of the financial statements that could be helpful to the investment analyst who is investigating this company.