Hawaiian Holdings, Inc.’s (NASDAQ: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.
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 (NYSE:ALK) arm Alaska Airlines secured the top spot while Delta Air Lines, Inc. (NYSE:DAL) came a close second followed by JetBlue Airways Corporation (NASDAQ:JBLU) .
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.