Back to top
Read MoreHide Full Article

Hawaiian Holdings’ (HA - Free Report)  wholly owned subsidiary Hawaiian Airlines reported traffic figures for August. Traffic, measured in Revenue Passenger Miles or RPMs, inched up 1% to around 1.45 billion in August from 1.43 billion a year ago.

Available Seat Miles (ASMs) slipped 1.1% to 1.68 billion from 1.70 billion in the same month last year. Load factor (percentage of seats filled by passengers) increased 180 basis points (bps) to 86.2% in August as traffic rose, while capacity declined.

On a year-to-date basis, Hawaiian Airlines has witnessed a 5.4% improvement in RPMs to 10.82 billion. Also, ASMs were up 2.7% to 12.63 billion. As a result, the load factor expanded 220 bps to 85.7%. Additionally, passenger count in the first eight months of 2017 rose 3.2% to 7.68 billion from 7.44 billion during the same period in 2016.

Notably, Hawaiian Airlines boasts a healthy punctuality record. Its efforts to expand internationally are also appreciative. In March, the carrier received encouraging news on the labor front when its 670 pilots, represented by the Air Line Pilots Association (ALPA), approved a 63-month pay-related deal. Settlements with labor groups are a positive as unrest among workers may disrupt operations.

Zacks Rank & Key Picks

Hawaiian Holdings currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , SkyWest, Inc. (SKYW - Free Report) and Air France-KLM SA (AFLYY - Free Report) . While Deutsche Lufthansa and SkyWest sport a Zacks Rank #1 (Strong Buy), Air France-KLM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here

Shares of Deutsche Lufthansa and Air France-KLM have surged more than 100% in a year, whereas SkyWest shares have rallied 25.6% over the same time frame.

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 >>



More from Zacks Analyst Blog

You May Like