Hawaiian Holdings Inc Q3 Revenue Had Been Trending Positively But Was Reversed Due To West Maui Wildfire; Now Expects Its Operating Revenue Per ASM For Quarter Ending September 30, 2023 To Be Down 4.0% To 7.0% Compared To Q3 Of 2022
Portfolio Pulse from Happy Mohamed
Hawaiian Holdings Inc's Q3 revenue was trending positively but was reversed due to the West Maui wildfire. The company now expects its operating revenue per ASM for the quarter ending September 30, 2023, to be down 4.0% to 7.0% compared to Q3 of 2022.
September 05, 2023 | 8:27 pm
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Hawaiian Holdings Inc's Q3 revenue is expected to decrease by 4.0% to 7.0% due to the West Maui wildfire.
The West Maui wildfire has negatively impacted Hawaiian Holdings Inc's Q3 revenue, reversing its positive trend. This is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100