Why Shares of Hawaiian Holdings Soared Higher in January
Shares of Hawaiian Holdings (NASDAQ: HA) climbed 10.6% in January, according to data provided by S&P Global Market Intelligence, as investors took a fresh look at the airline following a miserable 2020. The ingredients are in place for a turnaround, but investors should prepare for a long journey up ahead.
Hawaiian, like the rest of the airline industry, was hit hard by the COVID-19 pandemic. The shares lost more than 75% of their value last spring as travel demand plummeted.
Hawaiian was hit particularly hard due to its niche network. Its home state imposed a 14-day quarantine on visitors at the height of the pandemic, a move that discouraged visits to the islands.
Source Fool.com
