Markets

Hawaiian Airlines Posts Dismal February Traffic Statistics

A stock chart with a line and bar graph overlay
Credit: Shutterstock photo

Hawaiian Holdings, Inc .'s HA wholly owned subsidiary Hawaiian Airlines reported traffic figures for February. Traffic (measured in Revenue Passenger Miles or RPMs) increased 2.3% to 1.26 billion in the month. Available Seat Miles (ASMs) also climbed 2.8% to 1.49 billion in the period. Load factor (percentage of seats filled by passengers) contracted 30 basis points (bps) to 84.5% as traffic growth was outpaced by capacity expansion.

During the first two months of 2019, the carrier recorded a 3.6% rise in RPMs while ASMs increased 3.7%. As a result, load factor slipped 10 bps. Additionally, passenger count slid 2.3% on a year-to-date basis. It also dipped 3.3% in February.

Apart from registering disappointing traffic numbers, the stock recently suffered a decline of 10.9% on Southwest Airlines' decision to commence operations to Hawaii from Mar 17, 2019 onward. With Hawaiian Airlines largely dependent on air travel demand to Hawaii, Southwest Airlines' entry in its primary market is likely to intensify competition and in turn, hamper its performance. The carrier seems to be still burdened by this issue as shares of the company closed at $25.88 on Mar 7, down 1.2%.

Hawaiian Holdings, Inc. Price

Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote

Zacks Rank & Key Picks

Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Azul AZUL , Air China Ltd. AIRYY and SkyWest, Inc. SKYW , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Shares of Azul and Air China have rallied more than 66% and 11%, respectively, in the past six months. Meanwhile, the SkyWest stock flaunts a stellar earnings record, having outpaced the Zacks Consensus Estimate in each of the preceding four reported quarters, the average being 16.9%.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Air China Ltd. (AIRYY): Free Stock Analysis Report

SkyWest, Inc. (SKYW): Free Stock Analysis Report

Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report

AZUL SA (AZUL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AIRYY SKYW AZUL HA

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More