Strong Earnings at Hawaiian Airlines: Can the Good Times Continue?
Last Thursday, Hawaii-based leisure airline Hawaiian Holdings (NASDAQ: HA) reported its third-quarter earnings. The results were stellar once again, with Hawaiian's adjusted pretax margin remaining well above 20%.
Even though Hawaiian Airlines has been outperforming its peers by a wide margin for the past two years, investors have been nervous about an expected influx of competition from United Continental (NYSE: UAL) and Southwest Airlines (NYSE: LUV). However, these worries are probably overblown.
In the first half of this year, Hawaiian posted a stellar 30% increase in its adjusted earnings per share. However, Hawaiian Airlines has faced increasingly difficult year-over-year comparisons over the course of 2017.
Source: Fool.com
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