Profit Keeps Sinking at Hawaiian Holdings
Hawaiian Holdings (NASDAQ: HA) has suffered from persistent margin erosion for the past two years. Growth on Hawaii routes by longtime rivals such as United Airlines -- combined with new competition from Southwest Airlines (NYSE: LUV) -- has undermined unit revenue at Hawaiian Airlines. Meanwhile, unit costs have continued to rise.
These trends continued last quarter, for the most part. That said, the Hawaiian Airlines parent still achieved a solid double-digit profit margin. Furthermore, Hawaiian continued to realign its route network during the quarter to enable better performance in the future.
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Quelle Fool.com
