Airline Stock Roundup: HA's Long-Serving CEO To Retire, CPA, ALGT In Focus
Zacks Investment Research | Nov 21, 2017 10:46PM ET
This week Hawaiian Airlines — the wholly owned subsidiary of Hawaiian Holdings (NASDAQ:HA) — announced the appointment of Peter Ingram as its president and chief executive officer. Notably, Ingram will replace Mark Dunkerley from Mar 1, 2018, as a result of the latter’s retirement.
Additionally, Allegiant Air, which is owned by Allegiant Travel Company (NASDAQ:ALGT) , grabbed headlines by virtue of its pay-related tentative five-year deal with the union representing its flight attendants. During the week, Copa Holdings (NYSE:CPA) and Alaska Air Group (NYSE:ALK) unveiled their respective traffic numbers for October. While load factor (percentage of seats filled by passengers) increased at Copa Holdings, the metric declined at Alaska Air Group as capacity expansion was surpassed by traffic growth at the Seattle, WA based carrier.
Furthermore, expansion-related updates from United Continental Holdings (NYSE:UAL) and Alaska Air Group’s subsidiary, Alaska Airlines, also grabbed headlines in the past five trading days.
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