Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported traffic figures for June. Traffic (measured in Revenue Passenger Miles or RPMs) increased 1.6% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 0.3% to 1.71 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 120 basis points (bps) to 89%.
During the first six months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 2.6%. As a result, load factor was up 30 bps. However, passenger count slipped 2.2% on a year-to-date basis. It also dipped 3.9% in June.
We remind investors that the carrier reported an increased load factor in May as well. (Read more: Hawaiian Airlines Posts Rise in May Traffic & Load Factor). The successive rise in this key metric is encouraging especially with concerns of the carrier losing market share following Southwest’s entry in its primary market – Hawaii. This uptick also hints at the carrier’s easing capacity-related woes that it persistently battles with.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Air China Ltd. (AIRYY - Free Report) , United Airlines Holdings Inc (UAL - Free Report) and Azul (AZUL - Free Report) . While Air China and United Airlines sport a Zacks Rank #1 (Strong Buy), Azul carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, United Airlines and Azul have rallied more than 11%, 26% and 100%, respectively, in a year’s time.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported traffic figures for June. Traffic (measured in Revenue Passenger Miles or RPMs) increased 1.6% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 0.3% to 1.71 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 120 basis points (bps) to 89%.
During the first six months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 2.6%. As a result, load factor was up 30 bps. However, passenger count slipped 2.2% on a year-to-date basis. It also dipped 3.9% in June.
We remind investors that the carrier reported an increased load factor in May as well. (Read more: Hawaiian Airlines Posts Rise in May Traffic & Load Factor). The successive rise in this key metric is encouraging especially with concerns of the carrier losing market share following Southwest’s entry in its primary market – Hawaii. This uptick also hints at the carrier’s easing capacity-related woes that it persistently battles with.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Air China Ltd. (AIRYY - Free Report) , United Airlines Holdings Inc (UAL - Free Report) and Azul (AZUL - Free Report) . While Air China and United Airlines sport a Zacks Rank #1 (Strong Buy), Azul carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, United Airlines and Azul have rallied more than 11%, 26% and 100%, respectively, in a year’s time.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on UAL - FREE
Get the latest research report on HA - FREE
Get the latest research report on AIRYY - FREE
Get the latest research report on AZUL - FREE