Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Southwest Airlines Co. (LUV) - free report >>
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.
Southwest Airlines Co. (LUV) - free report >>
Image: Bigstock
Hawaiian Holdings' Arm Sees Rise in Traffic Figures for July
Hawaiian Holdings’ wholly owned subsidiary Hawaiian Airlines reported a 1.9% rise in traffic, measured in revenue passenger miles (RPMs) for the month of July. The figure increased to 1.48 billion from 1.45 billion a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) inched up 0.5% to 1.69 billion. Also, the load factor or percentage of seats filled by passengers rose to 87.3% from 86.2% recorded in Jul 2016, as traffic growth outpaced capacity expansion.
On a year-to-date basis, the carrier has registered a 6.1% rise in RPMs to 9.37 billion, while ASMs nudged up 3.3% to 10.95 billion, both on a year-over-year basis. Also, load factor increased by 220 basis points year over year to 85.6%. Plus, passenger count (PAX) for Jul 2017 and the first seven months of the year grew 2.5% and 3.3%, respectively.
This Zacks Rank #3 (Hold) company was also in news recently when it reported second-quarter 2017 earnings numbers. The company’s adjusted earnings of $1.58 per share for the reported quarter beat the Zacks Consensus Estimate of $1.53. However, revenues of $675 million for the same period, fell short of the Zacks Consensus Estimate of $677 million by a narrow margin. Both earnings and revenues increased on a year-over-year basis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Airline heavyweights like Southwest Airlines (LUV - Free Report) , American Airlines Group (AAL - Free Report) and Alaska Air Group (ALK - Free Report) have also revealed their second-quarter 2017 results of late. Each company has reported better-than-expected results, beating on both earnings and revenues.
Hawaiian Holdings, Inc. Price
Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>