We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hawaiian Airlines Reports 7.6% Air Traffic Rise in April
Read MoreHide Full Article
Hawaiian Airlines, the wholly owned subsidiary of Hawaiian Holdings , posted a 7.6% rise in traffic (measured in Revenue Passenger Miles or RPMs) to around $1.29 billion in Apr 2017 from $1.20 billion a year ago. Meanwhile, Available Seat Miles (ASMs) inched up 4.8% to $1.52 billion from $1.45 billion in the same month last year. Load factor (the percentage of seats filled by passengers) increased 220 basis points (bps) to 85.3% in Apr 2017 as traffic growth outpaced capacity expansion.
On a year-to-date basis, Hawaiian Airlines witnessed a 7.3% rise in RPMs to $5.09 billion. Also, ASMs rose 3.8% to $6.04 billion. As a result, the load factor increased 270 bps to 84.3%. Additionally, passenger count in the first four months of 2017 rose 2.7% to $3.61 billion from $3.51 billion in the same period in 2016.
Hawaiian Holdings recently reported first-quarter 2017 financial numbers. The company’s adjusted earnings of $1.04 per share beat the Zacks Consensus Estimate of 86 cents. Quarterly revenues of $614 million edged past the Zacks Consensus Estimate of $613 million. Higher passenger revenues boosted the top line. Both earnings and revenues increased on a year-over-year basis. The company’s peers like JetBlue Airways (JBLU - Free Report) and Allegiant Travel Company (ALGT - Free Report) have also released their first-quarter 2017 results in the past few weeks.
Shares of Copa Holdings gained over 34% on a year-to-date basis.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
Image: Bigstock
Hawaiian Airlines Reports 7.6% Air Traffic Rise in April
Hawaiian Airlines, the wholly owned subsidiary of Hawaiian Holdings , posted a 7.6% rise in traffic (measured in Revenue Passenger Miles or RPMs) to around $1.29 billion in Apr 2017 from $1.20 billion a year ago. Meanwhile, Available Seat Miles (ASMs) inched up 4.8% to $1.52 billion from $1.45 billion in the same month last year. Load factor (the percentage of seats filled by passengers) increased 220 basis points (bps) to 85.3% in Apr 2017 as traffic growth outpaced capacity expansion.
On a year-to-date basis, Hawaiian Airlines witnessed a 7.3% rise in RPMs to $5.09 billion. Also, ASMs rose 3.8% to $6.04 billion. As a result, the load factor increased 270 bps to 84.3%. Additionally, passenger count in the first four months of 2017 rose 2.7% to $3.61 billion from $3.51 billion in the same period in 2016.
Hawaiian Holdings recently reported first-quarter 2017 financial numbers. The company’s adjusted earnings of $1.04 per share beat the Zacks Consensus Estimate of 86 cents. Quarterly revenues of $614 million edged past the Zacks Consensus Estimate of $613 million. Higher passenger revenues boosted the top line. Both earnings and revenues increased on a year-over-year basis. The company’s peers like JetBlue Airways (JBLU - Free Report) and Allegiant Travel Company (ALGT - Free Report) have also released their first-quarter 2017 results in the past few weeks.
Hawaiian Holdings, Inc. Price
Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote
Zacks Rank & Key Pick
Hawaiian Holdings currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the airline space is Copa Holdings (CPA - Free Report) , with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Copa Holdings gained over 34% on a year-to-date basis.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>