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High Debt Hurts Hawaiian Holdings (HA), Low Fuel Costs Aid
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We have recently updated a report on Hawaiian Holdings, Inc. (HA - Free Report) .
Like other airlines, Hawaiian Holdings is bearing the brunt of the coronavirus pandemic. Due to declining passenger revenues (down 72.7% in first quarter of 2021), the carrier reported wider-than-expected loss in each of the past four quarters. With waning demand, the company has been operating a very limited schedule since last spring.
Hawaiian Holdings’ total debt to total capital ratio was 0.78 at the end of first-quarter 2021, higher than the previous quarter’s 0.68. Higher debt-to-capitalization ratio indicates that the proportion of debt to finance the company’s assets is increasing and so is the risk of insolvency. Further, cash and cash equivalent balance of $1.91 billion at the end of the quarter was far below its long-term debt level of $1.97 billion.
Meanwhile, low fuel prices will likely help the carrier partly offset the adversities as fuel expenses comprise a major chunk of airline expenditures. With majority of the fleet grounded, gallons of jet fuel consumed declined 53.1% in first-quarter 2021, leading to lower expenses on aircraft fuel (down 57.9% in first-quarter 2021). Low fuel costs supported the company’s bottom line in the March-end quarter.
Zacks Rank & Stocks to Consider
Hawaiian Holdings currently carries a Zacks Rank #3 (Hold).
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
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High Debt Hurts Hawaiian Holdings (HA), Low Fuel Costs Aid
We have recently updated a report on Hawaiian Holdings, Inc. (HA - Free Report) .
Like other airlines, Hawaiian Holdings is bearing the brunt of the coronavirus pandemic. Due to declining passenger revenues (down 72.7% in first quarter of 2021), the carrier reported wider-than-expected loss in each of the past four quarters. With waning demand, the company has been operating a very limited schedule since last spring.
Hawaiian Holdings’ total debt to total capital ratio was 0.78 at the end of first-quarter 2021, higher than the previous quarter’s 0.68. Higher debt-to-capitalization ratio indicates that the proportion of debt to finance the company’s assets is increasing and so is the risk of insolvency. Further, cash and cash equivalent balance of $1.91 billion at the end of the quarter was far below its long-term debt level of $1.97 billion.
Meanwhile, low fuel prices will likely help the carrier partly offset the adversities as fuel expenses comprise a major chunk of airline expenditures. With majority of the fleet grounded, gallons of jet fuel consumed declined 53.1% in first-quarter 2021, leading to lower expenses on aircraft fuel (down 57.9% in first-quarter 2021). Low fuel costs supported the company’s bottom line in the March-end quarter.
Zacks Rank & Stocks to Consider
Hawaiian Holdings currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Transportation sector include Landstar System, Inc. (LSTR - Free Report) , Triton International Limited and Herc Holdings Inc. (HRI - Free Report) . Herc Holdings and Landstar sport a Zacks Rank #1 (Strong Buy), while Triton carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency have sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>