Shares of Hawaiian Holdings (NASDAQ: HA) were up 37% in February, according to data provided by S&P Global Market Intelligence , as investors increasingly bought into the so-called "reopening trade." Hawaiian and other airlines were hit hard by the COVID-19 pandemic, and investors have high hopes for the company as conditions begin to normalize.
Hawaiian got hit harder than most airlines. Its niche network is tied to its home state, and when Hawaii imposed a 14-day quarantine on visitors last year, it all but sank demand for flights to the islands.
Image source: Hawaiian Holdings.
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Why Hawaiian Holdings Stock Climbed Higher in February