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Hawaiian Holdings, Inc. (HA)

  • Thu, Jul. 9, 11:20 AM
    | Thu, Jul. 9, 11:20 AM | 34 Comments
  • Wed, Jul. 1, 2:31 PM
    • A DOJ spokeswoman states the agency is probing potential "unlawful coordination" between some airlines. The AP states a document obtained by the news service indicates the DOJ is "investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high." No word yet on which airlines are being probed.
    • Airline stocks have sold off in response. Decliners include United Continental (UAL -4.3%), American Airlines (AAL -4.1%), Southwest (LUV -4.5%), Delta (DAL -4.2%), Alaska Air (ALK -1.7%), Hawaiian Holdings (HA -4.8%), JetBlue (JBLU -5%), Spirit Airlines (SAVE -3.1%), SkyWest (SKYW -4.1%), and Virgin America (VA -1.9%).
    • The U.S. Global Jets ETF (NYSE:JETS) is down 2.8%.
    | Wed, Jul. 1, 2:31 PM | 160 Comments
  • Sat, Jun. 20, 2:45 PM
    • Airlines stocks are poised for a breakout as the reality of improved profits overrides concerns on capacity growth, reasons Barron's Jack Hough.
    • The publication mirrors the view of many SA commenters that there's a disconnect between valuations in the sector and the degree to which lower jet fuel prices continue to prime operating earnings.
    • Take for example no-hedging American Airlines Group (NASDAQ:AAL) which is estimated to save $4B a year from the lower level of jet fuel prices. Other airlines are peeling off some hedges to reap a bigger fuel benefit each quarter.
    • Efficiency for U.S. airlines is still solid with a majority of airlines reporting load factors of 80% or higher, although increased competition in some markets has pushed key metric RASM lower. The most recent read on fares came in positive.
    • Also in the mix is the continued growth of service fees and consolidation benefits from mergers by legacy carriers.
    • P-E ratios of below 12 (based off of 2015 estimates) are common in the sector giving investors something of a value play. Republic Airways (NASDAQ:RJET) can be nabbed with a forward earnings multiple of 6.48. JetBlue (NASDAQ:JBLU) is up 27% YTD, but only trades with a 10.5 P-E collar.
    • Barron's identifies American Airlines Group, Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), and Southwest Airlines (NYSE:LUV) as four stocks that could rise 15% to 50% over the next year. If the view on the sector is spot-on - JetBlue, Virgin America (NASDAQ:VA), Hawaiian Holdings (NASDAQ:HA), Spirit Airlines (NASDAQ:SAVE), Republic Airways, Allegiant Travel (NASDAQ:ALGT), SkyWest (NASDAQ:SKYW),  and Alaska Airlines Group (NYSE:ALK) should also put in gains.
    • Related ETFs: JETS
    | Sat, Jun. 20, 2:45 PM | 37 Comments
  • Fri, Jun. 19, 10:31 AM
    • Airline stocks rally off of a drop in oil prices and a week of declining concerns on unrestrained capacity growth.
    • JPMorgan added to sentiment with a positive note on airline stocks in which it called the group oversold recently.
    • The read on U.S. fares earlier this week was also positive.
    • American Airlines Group (AAL +4.3%), United Continental (UAL +3.5%), Delta Air Lines (DAL +3%), JetBlue (JBLU +2.9%), and Hawaiian Holdings (HA +2.5%) are making the strongest gains in the sector.
    • The U.S. Global Jets ETF (NYSE:JETS) is up 1.60%.
    | Fri, Jun. 19, 10:31 AM | 14 Comments
  • Thu, Jun. 18, 9:06 AM
    • Airline fares rose 5.7% in May on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was still down 6.6% from last year on an unadjusted basis after the sector ran off a string of months with decreases.
    • Fares fell 1.3% in April and 1.7% in March.
    • If the bump in fares extends it could alleviate some concerns in the industry over capacity growth.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | Thu, Jun. 18, 9:06 AM | 14 Comments
  • Wed, Jun. 10, 10:30 AM
    • The EPA says greenhouse gases from aircraft endanger human health, a finding that begins a process to regulate greenhouse gas emissions from the aviation industry, the latest sector to be regulated under the Clean Air Act after cars, trucks and power plants.
    • The endangerment finding allows the EPA to implement domestically a global carbon dioxide emissions standard being developed by the International Civil Aviation Organization; the airline industry favors a global standard over individual national standards since airlines operate all over the world and want to avoid a patchwork of rules and measures.
    • GEVO, which has been working on renewable fuels for airplanes, is +3.5% today and +27% so far this month in anticipation of the EPA findings.
    • Also higher are REGI +2%, SZYM +2.5%, AMRS +2%.
    • Potential related stocks: AAL, UAL, SAVE, DAL, ALK, HA, SKYW, LUV, JBLU, VA
    | Wed, Jun. 10, 10:30 AM | 19 Comments
  • Tue, Jun. 9, 10:58 AM
    • The jittery airline sector is having a volatile day once again.
    • Capacity concerns have been the major focus of sellers, although the strong move higher of oil prices today is also in the background.
    • American Airlines Group reported a drop in its load factor earlier as capacity growth came in ahead of revenue passenger miles.
    • Though Raymond James issued a biting downgrade on American, United Continental, and Delta yesterday - some analysts such as Sterne Agee CRT's Michael Derchin think the pessimism is overdone.
    • Q2 conference calls could calm fears on capacity running hot, reasons the analyst.
    • A higher level of buybacks in the sector and reasonable valuations based on earnings projections are also factors.
    • Sector watch: Alaska Air Group (ALK -6.4%), Southwest Airlines (LUV -5.8%), SkyWest (SKYW -3.4%), Hawaiian Holdings (HA -4.7%), Spirit Airline (SAVE -4.4%), Delta Air Lines (DAL -3.7%), Allegiant Travel (ALGT -3.6%), Republic Airways (RJET -2.9%), Virgin America (VA -2.6%), United Continental (UAL -1.8%), American Airlines Group (AAL -2%), JetBlue (JBLU -1.9%).
    • The U.S. Global Jets ETF (NYSE:JETS) is down 2.96% on the day.
    • Previously: American Airlines Group's capacity up 2% in May
    | Tue, Jun. 9, 10:58 AM | 19 Comments
  • Mon, Jun. 8, 9:33 AM
    | Mon, Jun. 8, 9:33 AM | 26 Comments
  • Thu, Jun. 4, 1:00 PM
    | Thu, Jun. 4, 1:00 PM | 5 Comments
  • Sat, May 30, 10:43 AM
    • The airline sector has been rattled this month by an indication from Southwest Airlines of a slight increase in capacity and some RevPAR tallies below expectations.
    • Concerns on pricing and capacity have held back some analysts from setting higher price targets on the group for the next year.
    • Over the last year, most airline stocks have showed a high degree of correlation with oil prices despite all the other factors that impact profits in the sector.
    • Southwest Airlines (NYSE:LUV), United Continental (NYSE:UAL), Alaska Airlines Group (NYSE:ALK), and Allegiant Travel (NASDAQ:ALGT) all had a correlation coefficient of -0.90 or lower between their daily closing share price and the level of oil. A mark of -1.0 indicates perfect negative correlation - while 0.0 indicates no correlation and +1.0 is perfect positive correlation.
    • American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), JetBlue (NASDAQ:JBLU), Republic Airways (NASDAQ:RJET), and Hawaiian Airlines (NASDAQ:HA) were all at -0.80 or lower.
    • Over a shorter period due to its IPO launch, the correlation coefficient on Virgin America (NASDAQ:VA) vs. oil came in at -0.733.
    • The U.S. carriers marching with the most independence from oil prices were Spirit Airlines (NASDAQ:SAVE) at -0.622 and SkyWest (NASDAQ:SKYW) at -0.701.
    • Pricing data and correlation coefficients
    | Sat, May 30, 10:43 AM | 16 Comments
  • Thu, May 28, 7:10 PM
    • Shannon Okinaka, Hawaiian Holdings' (NASDAQ:HA) interim CFO since January, is now the airline's permanent's CFO. (8-K filing)
    • Okinaka's base salary has been increased to $375K, and her target annual bonus % upped to 75%. She has also been granted 12,346 restricted stock units.
    | Thu, May 28, 7:10 PM | Comment!
  • Wed, May 27, 12:06 PM
    • Airline stocks trade higher to help take some of the sting off recent declines generated in the sector.
    • Some analysts see the strong free cash flow trends in the industry offsetting concerns over pricing and capacity.
    • Hawaiian Holdings (HA +6.7%), United Continental (UAL +3.2%), Spirit Airline (SAVE +2.1%) and JetBlue (JBLU +2.6%) are making the sharpest moves on the day.
    • Previously: Airline sector in midst of worst streak in seven months (May 26)
    • Related ETFs; JETS.
    | Wed, May 27, 12:06 PM | 2 Comments
  • Tue, May 26, 7:01 PM
    • Bank of the Ozarks (NASDAQ:OZRK) will replace Exelis (about to be acquired) in the S&P MidCap 400 following Thursday's close. Hawaiian Holdings (NASDAQ:HA) will take Bank of the Ozarks' place in the S&P SmallCap 600.
    • HA +3.7% AH to $24.00. OZRK +0.6% AH to $44.05.
    | Tue, May 26, 7:01 PM | 2 Comments
  • Tue, May 26, 5:43 PM
    | Tue, May 26, 5:43 PM | 3 Comments
  • Fri, May 22, 9:02 AM
    | Fri, May 22, 9:02 AM | 14 Comments
  • Wed, May 20, 5:52 PM
    • Aggressive positioning by airlines this week has led to some sharp share prices declines.
    • American Airlines indicated it would match lower fares from peers, while Southwest Airlines added capacity on some key routes.
    • Lower oil prices and stronger demand in the business segment has sparked some of the capacity growth.
    • Airline stocks: LUV, AAL, DAL, JBLU, SAVE, ALK, HA, VA, RJET, UAL.
    • Related ETF: JETS.
    | Wed, May 20, 5:52 PM | 30 Comments
HA vs. ETF Alternatives
Company Description
Hawaiian Holdings Inc, through its subsidiaries, is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands, between the Hawaiian Islands and certain cities in the United States.
Sector: Services
Country: United States