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Hawaiian Holdings: 3Q Earnings Snapshot

October 27, 2020 GMT

HONOLULU (AP) _ Hawaiian Holdings Inc. (HA) on Tuesday reported a third-quarter loss of $97.1 million, after reporting a profit in the same period a year earlier.

The Honolulu-based company said it had a loss of $2.11 per share. Losses, adjusted for non-recurring gains, were $3.76 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $3.56 per share.

The parent company of Hawaiian Airlines posted revenue of $76 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $106.8 million.

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Hawaiian Holdings shares have declined 50% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.70, a fall of 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HA at https://www.zacks.com/ap/HA