honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Updated at 2:17 p.m., Friday, April 4, 2008

Hawaiian shares rise to three-year high

Advertiser Staff

Shares of Hawaiian Holdings Inc. rose to a more than three-year high after its shares were rated as "market outperform" by a financial analyst.

The stock of the parent company of Hawaiian Airlines closed at $7.01a share, the highest since March 15, 2005 when it was at $7.03.

Hawaiian's stock has risen by more than one-third in the past week after competitors Aloha Airlines and ATA Airlines shutdown passenger operations.

Meanwhile shares of interisland carrier go!'s parent company, Mesa Air Group, continued to slip. Yesterday the stock fell 41 cents after reporting its March air traffic fell. Besides go!, the company also operates some flights for larger air carriers.

Mesa's shares fell to $1.40. It was the third day the shares have declined. On April 2 Delta Air Lines said it wanted to end a flight agreement with the smaller airline.