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Hawaiian Holdings' Arm Sees Rise in Traffic Figures for July

Hawaiian Holdings ' HA 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 , American Airlines Group AAL and Alaska Air Group ALK have also revealed their second-quarter 2017 results of late. Each company has reported better-than-expected results, beating on both earnings and revenues.

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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.

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