Why Hawaiian Holdings Is Losing Altitude Today
Hawaiian Holdings (NASDAQ: HA) reported first-quarter results that came in slightly better than expected, but the airline suspended its full year guidance due to continued uncertainty surrounding its Asian business. Investors were disappointed with that development, sending shares down as much as 11% on Wednesday morning.
On Tuesday after markets closed, Hawaiian reported a first-quarter loss of $2.54 per share on revenue of $477.2 million. The quarter came in better than what Wall Street had expected, with analysts forecasting a $2.56 per share loss on revenue of $465 million.
Image source: Hawaiian Holdings.
Source Fool.com
