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Hawaiian Holdings (HA) Q4 Earnings in Line, Decline Y/Y
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Hawaiian Holdings’ (HA - Free Report) fourth-quarter 2017 earnings per share (excluding $2.19 from non-recurring items) of $1.10 were in line with the Zacks Consensus Estimate. Quarterly revenues of $686.5 million marginally fell short of the Zacks Consensus Estimate. While the bottom line declined 14.1% due to high costs, the top line increased 8.5% on a year-over-year basis.
Passenger revenues accounted for bulk (give the percentage) of the top line. Passenger revenues increased 7.8%, thereby boosting the top line.
Airline traffic, measured in revenue passenger miles, increased 4.9% year over year to 32.19 billion in the quarter under review. Capacity or available seat miles (ASMs) expanded 5% to 37.89 billion. Load factor (percentage of seats filled by passengers) was flat at 86% in the reported quarter.
Operating revenue per available seat mile (RASM) in the reported quarter climbed 3.3% year over year. However, the metric is projected to be down 0.5% to up 2.5% on a year-over-year basis in the first quarter of 2018.
Cost per available seat mile (CASM) excluding fuel is anticipated to rise between 3.5% and 6.5% in the first quarter while the same is projected to be down 0.5% to up 2.5% in 2018. Fuel cost per gallon (economic) is anticipated in the band of $1.90-$2 for the first quarter of 2018 whereas for 2018, the metric is projected between $1.97 and $2.07.
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise
As of Dec 31, 2017, the company had unrestricted cash, cash equivalents and short-term investments of $460 million. While outstanding debt and capital lease obligations were $571 million during the period.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , Air France-KLM SA (AFLYY - Free Report) and Gol Linhas Aereas Inteligentes S.A. . While Deutsche Lufthansa sports a Zacks Rank #1 (Strong Buy), Air France-KLM and Gol Linhas carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa have soared more than 100% in 2017 while Air France-KLM and Gol Linhas stocks have skyrocketed more than 200% over the same time frame.
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Hawaiian Holdings (HA) Q4 Earnings in Line, Decline Y/Y
Hawaiian Holdings’ (HA - Free Report) fourth-quarter 2017 earnings per share (excluding $2.19 from non-recurring items) of $1.10 were in line with the Zacks Consensus Estimate. Quarterly revenues of $686.5 million marginally fell short of the Zacks Consensus Estimate. While the bottom line declined 14.1% due to high costs, the top line increased 8.5% on a year-over-year basis.
Passenger revenues accounted for bulk (give the percentage) of the top line. Passenger revenues increased 7.8%, thereby boosting the top line.
Airline traffic, measured in revenue passenger miles, increased 4.9% year over year to 32.19 billion in the quarter under review. Capacity or available seat miles (ASMs) expanded 5% to 37.89 billion. Load factor (percentage of seats filled by passengers) was flat at 86% in the reported quarter.
Operating revenue per available seat mile (RASM) in the reported quarter climbed 3.3% year over year. However, the metric is projected to be down 0.5% to up 2.5% on a year-over-year basis in the first quarter of 2018.
Cost per available seat mile (CASM) excluding fuel is anticipated to rise between 3.5% and 6.5% in the first quarter while the same is projected to be down 0.5% to up 2.5% in 2018. Fuel cost per gallon (economic) is anticipated in the band of $1.90-$2 for the first quarter of 2018 whereas for 2018, the metric is projected between $1.97 and $2.07.
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise | Hawaiian Holdings, Inc. Quote
Liquidity
As of Dec 31, 2017, the company had unrestricted cash, cash equivalents and short-term investments of $460 million. While outstanding debt and capital lease obligations were $571 million during the period.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , Air France-KLM SA (AFLYY - Free Report) and Gol Linhas Aereas Inteligentes S.A. . While Deutsche Lufthansa sports a Zacks Rank #1 (Strong Buy), Air France-KLM and Gol Linhas carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa have soared more than 100% in 2017 while Air France-KLM and Gol Linhas stocks have skyrocketed more than 200% over the same time frame.
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>