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Winston-Salem, NC, United States, 2009/04/09 - SmallCapReview.com, a leading small-cap stock information site, is pleased to announce that Hawaiian Holdings (Nasdaq: HA) has been named as "Stock of the Month".
Hawaiian Holdings, Through its subsidiary Hawaiian Airlines has led all U.S. carriers in on-time performance for each of the past five years (2004-2008) and has also been an industry leader in fewest misplaced bags during that same period (#1 from 2005-2007, #2 in 2008) as reported by the U.S. Department of Transportation. Consumer surveys by Conde Nast Traveler, Travel + Leisure and Zagat.
Now in its 80th year of continuous service in Hawaii, Hawaiian Airlines is the state's biggest and longest-serving airline, as well as the largest provider of passenger air service to Hawaii from the state's primary visitor markets on the U.S. mainland. Hawaiian offers nonstop service to Hawaii from more U.S. gateway cities (10) than any other airline, as well as service to the Philippines, Australia, American Samoa, and Tahiti. Hawaiian provides more than 200 daily jet flights with 3700 employees and thirty-three aircraft.
HA Investor Highlights
Reported a 17.7 percent increase in the number of passengers carried in March compared to the same month last year.
Announced that, based on preliminary data, it expects Passenger Revenue to increase between 3.5% and 5.5% for the three months ended March 31, 2009, compared to the same period in 2008, exceeding the previous expectations from the company.
Earned the distinction of being the nation's top-ranked carrier for service quality in 2008, as reported by the 19th annual national Airline Quality Rating.
Announced that its Board of Directors has authorized a stock repurchase program under which the Company may purchase up to $7 million of its outstanding common stock.
During the year ended December 31, 2008, recorded net income of $28.6 million ($0.57 per diluted common share) compared to $7.1 million ($0.15 per diluted common share) during 2007.
Topped all airlines in arrival rate with 90.8 percent in January.
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