Why Shares of Hawaiian Holdings Are Falling Today
Shares of Hawaiian Holdings (NASDAQ: HA) fell as much as 10% on Thursday morning following the company's second-quarter earnings release. The entire airline industry is hurting due to the COVID-19 pandemic, but Hawaiian's niche network is leaving it particularly vulnerable during the crisis.
After markets closed Wednesday, Hawaiian reported a second-quarter loss of $3.81 per share, below the $3.48 per share consensus. Revenue from the quarter came in at $60 million, down 91.6% year over year but in line with consensus.
Image source: Hawaiian Holdings.
Source Fool.com
