Hawaiian Holdings (HA) NewsBite - HA Reports Positive Q2 Earnings

Thursday, July 31, 2008 1:15 PM EDT

Hawaiian Holdings Inc. (HA) opened at 8.06. So far today, the stock has hit a low of 8.06 and a high of 9.03. HA is now trading at 8.94, up 0.83 (10.30%).The stock hit its 52 week high of 9.86 in July and set its 52 week low of 6.50 in June. HA has been moving upwards for the past year. Hawaiian Holdings shares have been surging today after the company posted yesterday evening strong earnings for its second quarter. The company said its operating revenue increased 30.7% to $319.2 million, while second quarter pre-tax income totaled $1.8 million, excluding a litigation settlement of $52.5 million. Technical indicators for the stock are bullish and steady. If you’re looking for a hedged play on this stock, consider a September bull-put credit spread below the $7.50 range. HA stock could fall up to 16.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

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