Hawaiian Holdings Sees FY23 Available Seat Miles Up 7.5% To 8.5%; Sees FY23 Costs Per ASM Down 0.8% To Down 1.9%
Portfolio Pulse from Happy Mohamed
Hawaiian Holdings has projected an increase in its available seat miles (ASM) by 7.5% to 8.5% for FY23. Additionally, the company expects its costs per ASM to decrease by 0.8% to 1.9% in the same period.
October 24, 2023 | 8:13 pm
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POSITIVE IMPACT
Hawaiian Holdings' FY23 projections indicate an increase in ASM and a decrease in costs per ASM, which could potentially improve the company's profitability.
The increase in ASM indicates that Hawaiian Holdings is expecting to expand its capacity, which could lead to higher revenues. The decrease in costs per ASM suggests improved efficiency, which could enhance profitability. Both factors are likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100