Hawaiian Holdings' profit margin has contracted sharply over the past two years. However, the airline's profitability is likely to stabilize soon, making Hawaiian Holdings stock look like a bargain.
News & Analysis: Hawaiian Holdings
Competition from Southwest is becoming a bigger issue for Hawaii's homegrown air carrier.
The Hawaii-based carrier's new Airbus A321neos are allowing it to enter markets that it couldn't serve profitably with widebody jets.
HA earnings call for the period ending June 30, 2019.
Southwest Airlines' expansion into Hawaii began in earnest last quarter, increasing the pressure on the Hawaii-based airline.
The Boeing 737 MAX grounding is limiting the growth of Southwest Airlines and United Airlines in Hawaii, helping hometown competitor Hawaiian Holdings.
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The airline is looking to redeploy some excess capacity from West Coast-Hawaii routes to its largest international market.
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The Hawaii-focused airline is still struggling to stabilize its profitability in the face of rising competition -- most recently, from Southwest Airlines.