At an industry conference last week, Hawaiian Holdings (NASDAQ: HA) CEO Peter Ingram told reporters that Hawaiian Airlines had experienced a modest decline in bookings due to the continued eruption of Kilauea: a volcano on the Big Island of Hawaii.
This week, Hawaiian Airlines gave investors a better sense of the damage. The carrier slashed its second quarter unit revenue guidance, which will pinch its profits — particularly because fuel prices have risen since the beginning of the quarter. However, there’s no real reason for long-term investors to worry. In fact, if Hawaiian Holdings stock continues to decline because of the guidance reduction, it could represent a nice buying opportunity.
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Hawaiian Airlines Cuts Q2 Guidance
