Dahlman Rose Maintains Hawaiian Holdings Rating

Hawaiian Holdings, Inc. HA has strengthened its balance sheet with the signing of a $75 million credit facility while paying off loans with 2011 maturity dates, Dahlman Rose reports. “Hawaiian updated its 4Q10 investor guidance,” Dahlman Rose writes. “Capacity is expected to grow 10.5% to 11.5%, compared to the prior range of up 9.5% to 11.5%.” Passenger unit revenue is estimated to be up by 2% to 4%, compared to the prior estimate of up 1% to 3%. Dahlman Rose maintains its Buy rating on Hawaiian Holdings, which currently trades at $8.68.