Grufity logoGrufity logo

Hawaiian Holdings Inc Stock Research

HA

7.75USD+0.17(+2.24%)Market Closed

Market Summary

USD7.75+0.17
Market Closed
2.24%

HA Alerts

HA Stock Price

HA RSI Chart

HA Valuation

Market Cap

398.7M

Price/Earnings (Trailing)

-1.66

Price/Sales (Trailing)

0.15

EV/EBITDA

-2.74

Price/Free Cashflow

-3.79

HA Price/Sales (Trailing)

HA Profitability

EBT Margin

-11.13%

Return on Equity

-72.04%

Return on Assets

-5.8%

Free Cashflow Yield

-26.4%

HA Fundamentals

HA Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

47.76%

Revenue Q/Q

-1.37%

HA Earnings

Earnings (TTM)

-240.1M

Earnings Y/Y

45.82%

Earnings Q/Q

-441.16%

Price Action

52 Week Range

7.4421.71
(Low)(High)

Last 7 days

-7.6%

Last 30 days

-23.0%

Last 90 days

-23.3%

Trailing 12 Months

-58.2%

HA Financial Health

Current Ratio

1.5

Debt/Equity

4.38

Debt/Cashflow

-0.08

HA Investor Care

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

-4.67

Peers (Alternatives to Hawaiian Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
56.6B
94.1B
7.28% -2.85%
16.99
0.6
5.07% -32.20%
24.5B
50.6B
-14.64% -15.22%
298.7
0.53
69.18% 370.71%
17.6B
23.8B
-11.82% -32.54%
18.38
0.74
50.82% -2.15%
13.5B
45.0B
-15.21% -3.32%
18.35
0.3
82.49% 137.53%
8.9B
49.0B
-11.83% -17.94%
70.29
0.18
63.88% 106.37%
MID-CAP
4.9B
9.6B
-19.76% -31.84%
83.84
0.5
56.19% -87.87%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
2.2B
9.2B
-18.29% -53.60%
-6.05
0.24
51.67% -98.90%
SMALL-CAP
1.8B
5.1B
-11.87% -22.57%
-3.3
0.36
56.88% -17.26%
1.5B
2.3B
-16.67% -46.88%
594.32
0.64
34.77% -98.36%
1.5B
2.0B
-18.32% -41.26%
7.31
0.71
17.94% -14.19%
951.1M
3.0B
-3.59% -32.95%
13.04
0.32
10.74% -34.81%
398.7M
2.6B
-23.04% -58.24%
-1.66
0.15
65.43% -65.83%
78.2M
530.4M
-30.42% -51.14%
-0.44
0.15
5.88% -1403.68%
63.4M
224.4M
-7.28% -3.27%
-25.19
0.28
30.18% -139.59%

Financials for Hawaiian Holdings

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue9.8%2,641,267,0002,404,971,0002,172,665,0001,891,581,0001,596,584,000
  S&GA Expenses8.8%113,843,000104,636,00093,095,00081,750,00072,512,000
Costs and Expenses7.5%2,851,321,0002,653,579,0002,374,434,0002,048,786,0001,679,148,000
EBITDA46.0%-61,865,000-114,653,000-78,462,000-14,850,000-
EBITDA Margin50.9%-0.02-0.05-0.03--
Earnings Before Taxes16.1%-293,849,000-350,305,000-320,357,000-274,797,000-185,323,000
EBT Margin23.6%-0.11-0.15-0.14--
Interest Expenses-3.5%95,815,00099,286,000105,977,000111,775,000110,431,000
Net Income15.0%-240,081,000-282,495,000-258,557,000-217,360,000-144,773,000
Net Income Margin22.6%-0.09-0.12-0.11--
Free Cahsflow11.4%-105,284,000-118,849,000-172,173,000113,570,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.7%4,1404,2114,3654,4884,631
  Current Assets-2.7%1,6781,7261,8331,9222,014
    Cash Equivalents-16.7%229275425481491
  Net PPE-0.9%1,8881,9061,9321,958-
  Current Liabilities-4.1%1,1201,1681,2491,2101,111
    LT Debt, Current5.8%48.0045.0047.0060.0097.00
    LT Debt, Non Current0.6%1,5841,5751,5991,6711,704
Shareholder's Equity-4.1%333347369420569
  Retained Earnings-26.3%141191200248381
  Additional Paid-In Capital4.9%287274272270270
Accumulated Depreciation3.2%1,1021,0681,0341,000-
Shares Outstanding0.1%51.0051.0051.0051.0051.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations31.3%-57.75-84.01-134151251
  Share Based Compensation-8.5%8.009.00---
Cashflow From Investing-208.5%-15.0214.00-283-351-936
Cashflow From Financing50.9%-188-383-420-320683
  Dividend PaymentsNaN%0.000.00---
  Buy BacksNaN%0.000.00---

Risks for HA

What is the probability of a big loss on HA?

96.5%


Probability that Hawaiian Holdings stock will be more than 20% underwater in next one year

83.1%


Probability that Hawaiian Holdings stock will be more than 30% underwater in next one year.

57.7%


Probability that Hawaiian Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hawaiian Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for HA

Cumulative Returns on HA

3.2%


10-Year Cumulative Returns

-22.1%


7-Year Cumulative Returns

-25.8%


5-Year Cumulative Returns

-8.8%


3-Year Cumulative Returns

What are the long-term rolling returns for HA?

FIve years rolling returns for Hawaiian Holdings.

Annualized Returns

Which funds bought or sold HA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
15.8
-1,305,590
12,235,400
0.01%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-1,000
3,000
-%
2023-03-06
OLD MISSION CAPITAL LLC
sold off
-100
-184,000
-
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-58,374
206,626
-%
2023-02-24
SRS Capital Advisors, Inc.
sold off
-100
-1,000
-
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
37.25
11,000
162,000
-%
2023-02-22
CVA Family Office, LLC
unchanged
-
-15,831
57,169
0.01%
2023-02-21
MACQUARIE GROUP LTD
unchanged
-
-131,000
465,000
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
new
-
2,319
2,319
-%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
-77,878
275,122
-%

1–10 of 45

Latest Funds Activity

Are funds buying HA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HA
No. of Funds

Hawaiian Holdings News

Yahoo Finance

Airline Stock Roundup: ALGT's Rosy Traffic Data, DAL's Expansion Update & More.

Yahoo Finance,
2 days ago

Marketing Sentinel

Zacks Investment Research

Zacks Investment Research

InvestorsObserver

Schedule 13G FIlings of Hawaiian Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.51%
5,404,601
SC 13G/A
Feb 08, 2023
etf series solutions
2682%
4,764,909
SC 13G
Feb 03, 2023
state street corp
4.89%
2,515,884
SC 13G/A
Jan 26, 2023
blackrock inc.
16.9%
8,663,487
SC 13G/A
Jan 20, 2023
blackrock inc.
16.9%
8,663,487
SC 13G
Apr 07, 2022
etf series solutions
9.78%
5,012,194
SC 13G
Feb 11, 2022
state street corp
5.19%
2,659,666
SC 13G
Feb 08, 2022
etf series solutions
5321%
5,393,799
SC 13G
Feb 08, 2022
dimensional fund advisors lp
3.7%
1,911,573
SC 13G/A
Feb 03, 2022
etf series solutions
5561%
4,893,938
SC 13G

HA Fair Value

Hawaiian Holdings fair value in different scenarios

The table shows the Fair Value estimates for Hawaiian Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

17.03

119.74%

20.56

165.29%

28.51

267.87%

42.80

452.26%

52.09

572.13%
Current Inflation

16.17

108.65%

19.43

150.71%

26.04

236.00%

38.30

394.19%

46.24

496.65%
Very High Inflation

15.05

94.19%

17.97

131.87%

23.02

197.03%

32.94

325.03%

39.34

407.61%

Historical Hawaiian Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Hawaiian Holdings

View All Filings
Date Filed Form Type Document
Feb 15, 2023
10-K
Annual Report
Feb 15, 2023
POS AM
POS AM
Feb 15, 2023
POS AM
POS AM
Feb 15, 2023
POSASR
POSASR
Feb 15, 2023
POSASR
POSASR
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for HA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-08
INGRAM PETER R
sold (taxes)
-50,347
11.66
-4,318
president and ceo
2023-02-08
Snook Jonathan D.
sold (taxes)
-46,395
11.66
-3,979
executive vp and coo
2023-02-08
Okinaka Shannon Lei
sold (taxes)
-31,272
11.66
-2,682
evp, cfo and treasurer
2023-02-08
Alter Aaron J
sold (taxes)
-31,272
11.66
-2,682
exec vp & chief legal officer
2023-02-07
Okinaka Shannon Lei
sold (taxes)
-58,620
11.23
-5,220
evp, cfo and treasurer
2023-02-07
Snook Jonathan D.
sold (taxes)
-75,634
11.23
-6,735
executive vp and coo
2023-02-07
Alter Aaron J
sold (taxes)
-49,378
11.23
-4,397
exec vp & chief legal officer
2023-02-07
INGRAM PETER R
sold (taxes)
-101,407
11.23
-9,030
president and ceo
2023-02-02
Alter Aaron J
sold
-34,714
11.5714
-3,000
exec vp & chief legal officer
2023-01-03
Snook Jonathan D.
sold (taxes)
-34,867
9.9
-3,522
executive vp and coo

1–10 of 50

Peter R. Ingram
6670
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; and New York City, New York. It also offers scheduled service between the State of Hawai'i and Austin, Texas; Boston, Massachusetts; Orlando, Florida; and Pago Pago, American Samoa. In addition, the company provides daily service on its Neighbor Island routes among the four major islands of the State of Hawai'i. Further, it offers scheduled service on its international routes between the State of Hawai'i and Tokyo (Narita), Japan, Osaka, Japan; Sydney, Australia; Papeete, Tahiti; and Seoul, South Korea, as well as operates various ad hoc charters. Hawaiian Holdings, Inc. distributes its tickets through various distribution channels, including its website hawaiianairlines.com primarily for North America and Neighbor Island routes, as well as through travel agencies and wholesale distributors for its international routes. As of December 31, 2021, the company's fleet consisted of 19 Boeing 717-200 aircraft for the Neighbor Island routes; 24 Airbus A330-200 aircraft; and 18 Airbus A321neo for the North America and international routes. Hawaiian Holdings, Inc. was incorporated in 1929 and is headquartered in Honolulu, Hawaii.

HA Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenue:   
Operating Revenue$ 2,641,267$ 1,596,584$ 844,813
Operating Expenses:   
Wages and benefits833,137698,101628,558
Aircraft fuel, including taxes and delivery817,077363,003161,363
Aircraft rent103,846109,476103,890
Maintenance materials and repairs236,153170,048121,571
Aircraft and passenger servicing152,550105,67558,016
Commissions and other selling113,84372,51246,297
Depreciation and amortization136,169138,299151,665
Other rentals and landing fees147,143116,77273,808
Purchased services129,350103,21399,050
Special items18,8038,983184,111
Government grant recognition0(320,645)(240,648)
Other163,250113,711104,743
Total2,851,3211,679,1481,492,424
Operating Loss(210,054)(82,564)(647,611)
Nonoperating Income (Expense):   
Other nonoperating special items00(5,682)
Interest expense and amortization of debt discounts and issuance costs(95,815)(110,431)(40,439)
Interest and dividend income32,1418,6038,731
Capitalized interest4,2443,3573,236
Other components of net periodic benefit cost, excluding settlements5,0653,5661,300
Gains (losses) on fuel derivatives(3,041)217(6,930)
Loss on extinguishment of debt(8,568)(38,889)0
Gains (losses) on investments, net(43,082)1,426271
Gains (losses) on foreign debt26,66727,773(14,913)
Other, net(1,406)1,6191,985
Total(83,795)(102,759)(52,441)
Loss Before Income Taxes(293,849)(185,323)(700,052)
Income tax benefit(53,768)(40,550)(189,117)
Net Loss$ (240,081)$ (144,773)$ (510,935)
Net Loss Per Common Stock Share:   
Basic (in dollars per share)$ (4.67)$ (2.85)$ (11.08)
Diluted (in dollars per share)$ (4.67)$ (2.85)$ (11.08)
Weighted Average Number of Common Stock Shares Outstanding:   
Basic (in shares)51,36150,76946,100
Diluted (in shares)51,36150,76946,100
Cash dividends declared per common share (in dollars per share)$ 0$ 0$ 0.12
Passenger   
Operating Revenue:   
Operating Revenue$ 2,335,440$ 1,370,902$ 664,799
Other   
Operating Revenue:   
Operating Revenue$ 305,827$ 225,682$ 180,014

HA Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 229,122$ 490,561
Restricted cash17,49817,267
Short-term investments1,147,1931,241,752
Accounts receivable, net113,86292,888
Income taxes receivable70,20471,201
Spare parts and supplies, net36,87534,109
Prepaid expenses and other63,55366,127
Total1,678,3072,013,905
Property and equipment, net1,874,3521,957,623
Other Assets:  
Assets held for sale14,01929,449
Operating lease right-of-use assets459,128536,154
Long-term prepayments and other100,31780,489
Intangible assets, net13,50013,500
Total Assets4,139,6234,631,120
Current Liabilities:  
Accounts payable196,009114,400
Air traffic liability and current frequent flyer deferred revenue590,796631,157
Other accrued liabilities182,036165,050
Current maturities of long-term debt, less discount47,83697,096
Current maturities of finance lease obligations25,78924,149
Current maturities of operating leases77,85879,158
Total1,120,3241,111,010
Long-Term Debt1,583,8891,704,298
Other Liabilities and Deferred Credits:  
Noncurrent finance lease obligations75,221100,995
Noncurrent operating leases347,726423,293
Accumulated pension and other postretirement benefit obligations135,775160,817
Other liabilities and deferred credits94,65478,340
Noncurrent frequent flyer deferred revenue318,369296,484
Deferred tax liability, net130,400186,797
Total1,102,1451,246,726
Commitments and Contingent Liabilities
Shareholders' Equity:  
Special preferred stock, $0.01 par value per share, three shares issued and outstanding at December 31, 2022 and 202100
Common stock, $0.01 par value per share, 51,450,904 and 51,233,369 shares issued and outstanding as of December 31, 2022 and 2021, respectively514512
Capital in excess of par value287,161269,575
Accumulated income140,756380,837
Accumulated other comprehensive loss, net(95,166)(81,838)
Total333,265569,086
Total Liabilities and Shareholders' Equity$ 4,139,623$ 4,631,120