Hawaiian's Q3 showed continued momentum in domestic and international sequential growth, however, higher-than-expected costs at the top end of FY16 caught some investors off guard. Mid- to high-single-digit 2017 unit cost inflation could weigh on momentum from positive unit revenue heading into Q4.
"Hawaiian's Q4 unit revenue guidance of +0.5–3.5 percent beat our expectations for +0–3 percent showing continued momentum," said Credit Suisse.
Credit Suisse maintains its Neutral rating on Hawaiian Holdings; its price target remains unchanged at $41.
At last check, Hawaiian Holdings was trading at $47.73, down 2.79 percent on the day.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.