Hawaiian Holdings: More Stress On Its Bottom Line Ahead (NASDAQ:HA)

Like most other airlines, Hawaiian Holdings, Inc. (NASDAQ:HA) has been struggling to regain growth momentum after the fallout from the pandemic that basically shut down much of domestic and international travel for a time.

While HA was already struggling, dropping from a 5-year high of approximately $44.00 per share on August 20, 2018, to a recent 52-week low of $9.64 per share. But even before the pandemic hit it was declining, trading at about $30.00 per share before falling off the cliff to approximately $7.50 per share.

From there the stock has shot up to as high as about $31.50 per share before once again plummeting to its above-mentioned 52-week low.

The company continued to struggle with profitability as it works on recovering to pre-pandemic levels, and that is about to get worse for at least a couple of quarters as a competitor has decided to compete on price in its important Neighbor Island segment, which will put further downward pressure on earnings.

After Japan took the cap off of arrivals in October 2022, it has opened the door for HA to expand its schedule in that market, but the temporary downside is it’s going to take a measured approach because of pent-up demand in the domestic Japanese market.

By the second quarter of 2023 HA expects to schedule many more flights to meet the expected demand to travel internationally by Japanese consumers.

In this article we’ll look at some of its recent numbers and…