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Deutsche Lufthansa AG (DLAKY) - $25 value - yours FREE >>
Hawaiian Holdings, Inc. (HA) - $25 value - yours FREE >>
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Deutsche Lufthansa AG (DLAKY) - $25 value - yours FREE >>
Hawaiian Holdings, Inc. (HA) - $25 value - yours FREE >>
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Hawaiian Holdings Arm Posts Impressive August Traffic Data
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.
Hawaiian Holdings, Inc. Price
Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote
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.
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