Hawaiian's Japan Dilemma and a Sun Country Update

The market continues to vex Hawaii's No. 1 airline. Also today: Sun Country reports another big quarter.

Dear readers,

Let's keep it simple today. This post is a recap of the fourth quarter earnings for two of America’s smallest airlines — one (Hawaiian) that soon may merge with a competitor, and another (Sun Country) that's probably open to M&A. As you know, it’s hard to be a small niche player in the U.S. market.