We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hawaiian Airlines' Traffic & Load Factor for June Increase
Read MoreHide Full Article
Hawaiian Holdings, Inc.’s wholly owned subsidiary Hawaiian Airlines reported traffic figures for June. Traffic (measured in Revenue Passenger Miles or RPMs) increased 1.6% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 0.3% to 1.71 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 120 basis points (bps) to 89%.
During the first six months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 2.6%. As a result, load factor was up 30 bps. However, passenger count slipped 2.2% on a year-to-date basis. It also dipped 3.9% in June.
We remind investors that the carrier reported an increased load factor in May as well. (Read more: Hawaiian Airlines Posts Rise in May Traffic & Load Factor). The successive rise in this key metric is encouraging especially with concerns of the carrier losing market share following Southwest’s entry in its primary market – Hawaii. This uptick also hints at the carrier’s easing capacity-related woes that it persistently battles with.
Shares of Air China, United Airlines and Azul have rallied more than 11%, 26% and 100%, respectively, in a year’s time.
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.
Image: Bigstock
Hawaiian Airlines' Traffic & Load Factor for June Increase
Hawaiian Holdings, Inc.’s wholly owned subsidiary Hawaiian Airlines reported traffic figures for June. Traffic (measured in Revenue Passenger Miles or RPMs) increased 1.6% to 1.53 billion in the month. Available Seat Miles (ASMs) inched up 0.3% to 1.71 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 120 basis points (bps) to 89%.
During the first six months of 2019, the carrier recorded 3.1% rise in RPMs while ASMs increased 2.6%. As a result, load factor was up 30 bps. However, passenger count slipped 2.2% on a year-to-date basis. It also dipped 3.9% in June.
We remind investors that the carrier reported an increased load factor in May as well. (Read more: Hawaiian Airlines Posts Rise in May Traffic & Load Factor). The successive rise in this key metric is encouraging especially with concerns of the carrier losing market share following Southwest’s entry in its primary market – Hawaii. This uptick also hints at the carrier’s easing capacity-related woes that it persistently battles with.
Hawaiian Holdings, Inc. Price
Hawaiian Holdings, Inc. price | Hawaiian Holdings, Inc. Quote
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Air China Ltd. (AIRYY - Free Report) , United Airlines Holdings Inc (UAL - Free Report) and Azul (AZUL - Free Report) . While Air China and United Airlines sport a Zacks Rank #1 (Strong Buy), Azul carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, United Airlines and Azul have rallied more than 11%, 26% and 100%, respectively, in a year’s time.
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 >>