Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported traffic figures for October. Traffic (measured in Revenue Passenger Miles or RPMs) increased 5% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 2.1% to 1.74 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 240 basis points (bps) to 88%.
During the first 10 months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 1.6%. As a result, load factor was up 120 bps. While passenger count slipped 0.9% on a year-to-date basis, it inched up 1% in October.
The company recently reported third-quarter financial numbers wherein its earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.69. However, the bottom line declined 9.9% year over year. Although quarterly revenues of $755.2 million beat the Zacks Consensus Estimate of $748.1 million, it dipped marginally year over year. Results were affected by low passenger revenues.
Zacks Rank & Other Key Picks
Hawaiian Holdings carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the same space are Allegiant Travel Company (ALGT - Free Report) , Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS - Free Report) and LATAM Airlines Group S.A. , each carrying the same Zacks Rank as Hawaiian Holdings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Allegiant, Controladora Vuela and LATAM Airlines have rallied more than 39%, 73% and 17%, respectively, in a year’s time.
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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.
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Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported traffic figures for October. Traffic (measured in Revenue Passenger Miles or RPMs) increased 5% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 2.1% to 1.74 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 240 basis points (bps) to 88%.
During the first 10 months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 1.6%. As a result, load factor was up 120 bps. While passenger count slipped 0.9% on a year-to-date basis, it inched up 1% in October.
The company recently reported third-quarter financial numbers wherein its earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.69. However, the bottom line declined 9.9% year over year. Although quarterly revenues of $755.2 million beat the Zacks Consensus Estimate of $748.1 million, it dipped marginally year over year. Results were affected by low passenger revenues.
Zacks Rank & Other Key Picks
Hawaiian Holdings carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the same space are Allegiant Travel Company (ALGT - Free Report) , Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS - Free Report) and LATAM Airlines Group S.A. , each carrying the same Zacks Rank as Hawaiian Holdings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Allegiant, Controladora Vuela and LATAM Airlines have rallied more than 39%, 73% and 17%, respectively, in a year’s time.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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 >>
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