Hawaiian Holdings Stock Craters Again on the Latest Southwest Airlines News
Last December, shares of Hawaiian Holdings (NASDAQ: HA) hit an all-time high above $60, up from less than $6 as recently as 2013.
Since then, the Hawaiian Airlines parent has delivered a string of solid earnings reports. Yet investors have become increasingly worried about an uptick in competition that's coming in 2018. United Continental will increase its capacity to Hawaii significantly starting just before the end of this year, while Southwest Airlines (NYSE: LUV) hopes to start flying to Hawaii next year. As a result, Hawaiian Holdings stock has been in freefall.
Source: Fool.com
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