(RTTNews) - Shares of Hawaiian Holdings, Inc. (HA), the parent company of Hawaiian Airlines are down more than 9% Wednesday morning after its earnings missed the consensus estimates.
The company reported loss per share of $3.81, which missed the average estimate of analysts polled by Thomson Reuters of $3.81 loss per share.
Revenue for the quarter decreased to $60 million from $712.19 million last year.
In July, capacity in terms of available seat miles (ASMs), is expected to be approximately 86% below that of July 2019. The company also expects August capacity to decrease 85% compared to last year.
HA is currently trading at $11.90. It has been trading in the range of $7.55- $31.34.
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