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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

Hawaiian Holdings' (HA) March Traffic & Load Factor Rise

Zacks Equity Research
Updated

Hawaiian Holdings, Inc.’s HA wholly owned subsidiary, Hawaiian Airlines, reported traffic figures for March. Traffic (measured in Revenue Passenger Miles or RPMs) increased 8.6% to around 1.44 billion.

Available Seat Miles (ASMs) also climbed 6.7% to 1.66 billion in the month. Load factor (percentage of seats filled by passengers) inched up 150 basis points (bps) to 86.5% as traffic growth outweighed capacity expansion.

In the first three months of 2018, Hawaiian Airlines witnessed a 6.1% rise in RPMs to 4.03 billion. Also, ASMs rose 4.6% to 4.73 billion. As a result, the load factor increased 120 bps to 85.2%. Additionally, passenger count in the period rose 6.9% to 2.89 billion.

Hawaiian Holdings, Inc. Price

 

Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote

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On another positive note, Hawaiian Airlines ranks 4th among the 12 rated airlines, per the Airline Quality Rating (AQR) for 2017. In 2016, this Zacks Rank #3 (Hold) airline ranked 5th, indicating a year-over-year improvement.
The AQR is a comprehensive study of the largest airlines in the United States, based on performance and quality. The four parameters used for arriving at the AQR scores are baggage service, consumer complaints, on-time performance and involuntary denied boardings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Among the 12 airlines rated, Alaska Air Group, Inc.’s ALK arm Alaska Airlines secured the top spot while Delta Air Lines, Inc. DAL came a close second followed by JetBlue Airways Corporation JBLU.

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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
 
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
 
Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report
 
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
 
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