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Hawaiian Airlines' Traffic & Load Factor for June Increase
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Hawaiian Holdings, Inc.’s (HA - Free Report) 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.
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Hawaiian Airlines' Traffic & Load Factor for June Increase
Hawaiian Holdings, Inc.’s (HA - Free Report) 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 >>