Hawaiian Holdings Expecting International Growth

Hawaiian Holdings, Inc. HA has had its "buy" rating and $10 price target maintained by Dahlman Rose, who believes that Hawaiian has excellent growth opportunities for 2010-11 in international markets, notably in Tokyo Haneda and Seoul Incheon. Company revenues were better than expected at $315.9M, despite a 44% increase in aircraft fuel and higher tax rates. Hawaiian was a non-tax paying company in 2009, and Dahlman expects a tax rate of 41% for the remainder of 2010. Hawaiian Holdings, Inc. closed yesterday at $6.00.