- Airline stocks rallied on Wednesday as the Democratic party victory in Georgia increased hopes of a large bailout package.
- Hawaiian Holdings rallied more than its peers since the company has seen significant losses due to its historical dependence on travel to the Hawaiian islands.
- The company has made considerable efforts to reduce expenses and has seen its working capital rise to a long-term peak.
- Hawaiian Holdings is expected to lose around $100-200M more in 2021, which may create difficulties considering its significant 2022 debt maturities.
- HA has risen on stimulus hopes; however, it seems the new administration's primary goal is maintaining employment and not necessarily stock prices.
For further details see:
Hawaiian Holdings Rallies On Stimulus Hopes, But 2021 May Be Another Wild Ride For Airlines