HAWAIIAN HOLDINGS Reports Positive Earnings Results for 2nd Quarter FY2023

☀️Earnings Overview

HAWAIIAN HOLDINGS ($NASDAQ:HA) reported their FY2023 second-quarter earnings on June 30, 2023. Total revenue for the quarter was USD 706.9 million, a 2.2% increase from the same period in the prior year. Net income for this quarter was USD -12.3 million, a significant improvement over the -47.4 million reported for the same quarter in the previous year.

Market Price

Hawaiian Holdings announced its second quarter financial results for FY2023 on Tuesday, and the results were largely positive. The company’s stock opened at $11.0 and closed at $10.7, down 4.9% from its prior closing price of 11.3. Overall, Hawaiian Holdings reported strong earnings results for the second quarter of FY2023, despite the 4.9% drop in share price on Tuesday. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Hawaiian Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Hawaiian Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Hawaiian Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Hawaiian Holdings are shown below. More…

Analysis

At GoodWhale, we recently conducted a comprehensive analysis of HAWAIIAN HOLDINGS‘s wellbeing. Based on our Risk Rating, HAWAIIAN HOLDINGS is classified as a medium risk investment when it comes to its financial and business aspects. During the process of our analysis, we identified two risk warnings in the income sheet and cashflow statement. If you’d like to learn more about these warnings, be sure to register with us. Our team of financial experts will be more than happy to explain the details and discuss how you can take action accordingly. More…

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 reported its second quarter FY2023 earnings with total revenue of USD 706.9 million, up 2.2% year-over-year. Net income however, declined to -12.3 million, a significant improvement from the -47.4 million reported the previous year. Although the revenue figures were promising, the stock price reacted negatively on the news. For investors considering Hawaiian Holdings as a potential investment, it is important to examine both the income and revenue figures, as well as the company’s trends in the market.

Additionally, due diligence should include analyzing the company’s financials and management team in order to get an understanding of its long-term prospects and potential catalysts that could move its stock price.