Hawaiian Airlines' Traffic & Load Factor Rise In December
Zacks Investment Research | Jan 09, 2020 10:01PM ET
Hawaiian Holdings, Inc.’s (NASDAQ:HA) wholly owned subsidiary Hawaiian Airlines reported traffic figures for December 2019. Traffic (measured in Revenue Passenger Miles or RPMs) increased 7.7% to 1.57 billion in the month. Available Seat Miles (ASMs) climbed 5.4% to 1.83 billion in the period. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 190 basis points (bps) to 85.9%.
During 2019, the carrier recorded a 3.6% rise in RPMs while ASMs inched up 2.1%. As a result, load factor was up 130 bps. While passenger count slipped 0.8% in 2019, it augmented 2.2% in December.
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Shares of Hawaiian Holdings have dipped 2.2% in a year’s time against the Zacks Investment Research
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