Shares of Hawaiian Holdings (NASDAQ: HA) were falling today after the Hawaii-focused airline continued to face pandemic headwinds in its fourth-quarter earnings report, and offered weaker-than-expected guidance for the current quarter. Overall revenue in the quarter rose 3.2% compared to the fourth quarter of 2019, reaching $731 million as the company called out strong domestic demand but noted weakness out of Japan. Capacity as measured by available seat miles was down 6% from the fourth quarter of 2019.
Hawaiian Airlines is still trying to get back on its feet from the aftermath of the pandemic. While it awaits the return of cautious Japanese travelers, a key demographic for the airline, the company is hoping to revamp in the meantime by gearing up with new aircrafts, partnerships and pilots.
Hawaiian Holdings (HA) delivered earnings and revenue surprises of 30.99% and 0.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?