Hawaiian Airlines stock slips after announcing accounting error.

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Hawaiian ($NASDAQ:HA) Airlines is one of the largest airlines in the United States. The company’s stock slipped after it announced an accounting error. The error was caused by the incorrect classification of certain lease expenses. The company said that it would restate its financial results for the first quarter. Hawaiian Airlines’ stock fell by about 2% after the announcement.

Despite the accounting error, Hawaiian Airlines remains a strong company. The airline has been expanding its operations in recent years and it has plans to continue growing. Hawaiian Airlines is a popular choice for travelers to Hawaii and it is consistently ranked as one of the best airlines in the world.

Stock Price

News coverage of the error has been mostly negative, and the stock opened at $15.2 and closed at $15.2, down by 0.3% from the last closing price of $15.3. The error relates to the way that the company accounted for fuel hedging contracts. While the full extent of the error is not yet known, it is clear that it will have a negative impact on the company’s financials. This is likely to lead to increased scrutiny from investors and analysts, and it remains to be seen how Hawaiian Airlines will recover from this setback.

VI Analysis

Hawaiian Holdings is a publicly traded company, with its shares listed on the Nasdaq stock exchange. Based on VI’s Risk Rating, Hawaiian Holdings is a medium risk investment in terms of financial and business aspects. The company has 2 risk warnings in its income sheet and cashflow statement, as detected by VI App. However, overall the company has strong fundamentals that reflect its long-term potential.

VI Peers

The airline industry is a highly competitive one, with many carriers vying for market share. Among these is Hawaiian Holdings Inc, which competes against Spirit Airlines Inc, Alaska Air Group Inc, and JetBlue Airways Corp. All of these companies are striving to provide the best service and most competitive prices to their customers.

– Spirit Airlines Inc ($NYSE:SAVE)

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– Alaska Air Group Inc ($NYSE:ALK)

Alaska Air Group Inc is an air transportation holding company with subsidiaries providing scheduled air transportation in the United States and other countries, cargo transportation services, and aircraft leasing. The Company’s operating segments include Alaska, Virgin America, and Horizon. As of December 31, 2016, it operated a fleet of 315 aircrafts with an average age of 8.6 years. The Company serves more than 100 cities through an expansive network in the United States, Canada, Costa Rica, and Mexico.

– JetBlue Airways Corp ($NASDAQ:JBLU)

Blue Airways is an airline company with a market cap of $2.37 billion as of 2022. The company has a return on equity of -6.48%. Blue Airways is a low-cost carrier that operates in the United States. The company was founded in 1999 and is headquartered in New York City.

Summary

Hawaiian Holdings, Inc. is a holding company for Hawaiian Airlines, Inc. . The Company’s segments include Airline, Interisland, Cargo, and Other. The Airline segment offers air transportation services. The Interisland segment offers air transportation between the Hawaiian Islands. The Cargo segment offers cargo transportation.

The Other segment includes charter air transportation, third-party maintenance and other services. Hawaiian offers scheduled air transportation services on North America routes. Hawaiian also offers scheduled air transportation on international routes to Australia, American Samoa, Asia, Tahiti, New Zealand and the mid-Pacific.