HA - Why Hawaiian Holdings Stock Was Losing Altitude Today
Shares of Hawaiian Holdings (NASDAQ: HA) were falling today after the Hawaii-focused airline continued to face pandemic headwinds in its fourth-quarter earnings report, and offered weaker-than-expected guidance for the current quarter.
As a result, the stock was down 12% as of 12:47 p.m. ET on Wednesday.
Overall revenue in the quarter rose 3.2% compared to the fourth quarter of 2019, reaching $731 million as the company called out strong domestic demand but noted weakness out of Japan. That result still missed analyst estimates at $733.2 million. Capacity as measured by available seat miles was down 6% from the fourth quarter of 2019.
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Why Hawaiian Holdings Stock Was Losing Altitude Today