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Delta Air Lines, Inc. (DAL) - free report >>
JetBlue Airways Corporation (JBLU) - free report >>
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Hawaiian Holdings' (HA) March Traffic & Load Factor Rise
Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary, Hawaiian Airlines, reported traffic figures for March. Traffic (measured in Revenue Passenger Miles or RPMs) increased 8.6% to around 1.44 billion.
Available Seat Miles (ASMs) also climbed 6.7% to 1.66 billion in the month. Load factor (percentage of seats filled by passengers) inched up 150 basis points (bps) to 86.5% as traffic growth outweighed capacity expansion.
In the first three months of 2018, Hawaiian Airlines witnessed a 6.1% rise in RPMs to 4.03 billion. Also, ASMs rose 4.6% to 4.73 billion. As a result, the load factor increased 120 bps to 85.2%. Additionally, passenger count in the period rose 6.9% to 2.89 billion.
Hawaiian Holdings, Inc. Price
Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote
On another positive note, Hawaiian Airlines ranks 4th among the 12 rated airlines, per the Airline Quality Rating (AQR) for 2017. In 2016, this Zacks Rank #3 (Hold) airline ranked 5th, indicating a year-over-year improvement.
The AQR is a comprehensive study of the largest airlines in the United States, based on performance and quality. The four parameters used for arriving at the AQR scores are baggage service, consumer complaints, on-time performance and involuntary denied boardings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among the 12 airlines rated, Alaska Air Group, Inc.’s (ALK - Free Report) arm Alaska Airlines secured the top spot while Delta Air Lines, Inc. (DAL - Free Report) came a close second followed by JetBlue Airways Corporation (JBLU - Free Report) .
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