Advertisement
UK markets open in 6 hours 22 minutes

  • NIKKEI 225

    37,438.67
    -641.03 (-1.68%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • CRUDE OIL

    82.50
    -0.23 (-0.28%)
     

  • GOLD FUTURES

    2,390.40
    -7.60 (-0.32%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    50,778.57
    +1,653.84 (+3.37%)
     

  • CMC Crypto 200

    1,304.52
    +418.98 (+46.95%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Hawaiian Holdings Arm to Bid CEO Dunkerley Adieu Next March

Zacks Equity Research
Updated

Hawaiian Holdings, Inc.’s HA wholly-owned subsidiary, Hawaiian Airlines, recently announced that its CEO Mark Dunkerley will retire in March 2018. He will be succeeded by Peter Ingram, the airline’s Chief Commercial Officer.

Having joined the company in 2002, Dunkerley served the post since 2005 and his tenure has been one of the longest in the airline industry. Previously, he worked as an Executive at British Airways.

Credit goes to Dunkerley for bringing about great changes to the company. A major step was expanding its international footprint across Japan, China, South Korea, Australia and New Zealand. Earlier, the carrier depended primarily on demand from the U.S. mainland and the Hawaiian islands. Now international travel fetches around one-fourth of the airline’s revenues.

Under Dunkerley’s leadership, the Hawaiian Airlines’ stock price increased six-fold from 2014 through 2016. The carrier’s net income has also risen in each of the preceding three years. Per FactSet survey, it is expected to be around $300 million this year.

ADVERTISEMENT

Notably, Ingram joined the company as Chief Financial Officer in 2005. Since 2011, he has been looking after marketing, sales and network planning among other operations.

Once assuming office as a CEO, Ingram will be faced with a new challenge. For, Southwest Airlines LUV plans to begin service to Hawaii either in 2018 or 2019. This will pose stiff competition to Hawaiian Airlines in its key market.

Investors seem to be skeptical about the news, evidently impacting the company’s shares. The stock declined 3.2% at the close of the trading session on Nov 17.

Hawaiian Holdings, Inc. Price

 

Hawaiian Holdings, Inc. Price | Hawaiian Holdings, Inc. Quote

 

Zacks Rank & Key Picks

Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are International Consolidated Airlines Group SA ICAGY and Deutsche Lufthansa AG DLAKY. While International Consolidated Airlines sports a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. 

Shares of International Consolidated Airlines and Deutsche Lufthansa have surged more than 43% and 100%, respectively, in a year.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Southwest Airlines Company (LUV) : Free Stock Analysis Report
 
Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report
 
Deutsche Lufthansa AG (DLAKY) : Free Stock Analysis Report
 
International Consolidated Airlines Group SA (ICAGY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research