Why Hawaiian Holdings Stock Is Falling Today
Hawaiian Holdings (NASDAQ: HA), parent company of Hawaiian Airlines, has been on a roll of late, with investors excited about the passenger carrier's prospects heading into the summer travel season. But the rally stalled on Thursday. Shares were down by 12% at 3:23 p.m. EDT as traders came to the view that most of the potential upside was already priced into the stock.
Airlines endured a miserable 2020, and Hawaiian had it far worse than most. Its home state put strict quarantine restrictions on incoming travelers, and bans on international travel deprived it of the revenue streams it generated from flying Asian visitors to the islands.
Image source: Hawaiian Holdings.
Source Fool.com