TOMORROWS TRANSPORTATION NEWS TODAY!
Shares of rocket maker Aerojet Rocketdyne Holdings Inc. rose 21.6 percent on Tuesday following the release of quarterly earnings for the defense contractor.
Aerojet’s (NYSE: AJRD) holding company is based in El Segundo, where it moved two years ago, but its main subsidiary is still based in Rancho Cordova, where the company has made and tested rockets since 1951.
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After several years of struggling to build a defensible international route network, leisure-focused airline operator Hawaiian Holdings (NASDAQ: HA) has become one of the most profitable airlines in the U.S. in the past few years. Hawaiian’s pre-tax margin rose from 6.9% in 2014 to 13.2% in 2015, 18.4% in 2016, and 17.6% in 2017.
On Tuesday, the Hawaiian Airlines parent reported great results for the first quarter of 2018. Unit revenue trends remain robust, despite tough year-over-year comparisons and rapid industry capacity growth. This is allowing the company to offset most of the headwind from rising fuel costs. Meanwhile, Hawaiian is reaping huge savings from the reduced corporate tax rate.
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Hawaiian Holdings Delivers Stellar Quarter
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