Hawaiian Holdings Momentum Continues Ahead Of Investor Day - Hawaiian Holdings (NASDAQ:HA)

Hawaiian Holdings, Inc HA is having quite the year. Shares are up 35 percent on the year, and the run looks likely to keep up momentum ahead of its investor day on December 5 when the company is expected to provide FY17 guidance.
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.

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"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.

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