NEW YORK (TheStreet) -- Hawaiian Airlines (HA) - Get Report has a produced 63% earnings growth and 4% revenue growth for its second quarter earnings, in an environment that hasn't been good to other major airlines, CNBC's Sara Eisen reported on "Power Lunch" Friday afternoon.
Hawaiian Airlines saw strong demand for a Hawaii vacations from every geographical center that the company operates in, it saw low competitor capacity, benefited from the high value of the U.S. dollar compared to foreign currencies, and low fuel costs, Hawaiian Airlines CEO Mark Dunkerley told CNBC.
"It is really a pretty good combination of factors that's worked well for us so far," Dunkerley said.
The airline company flies to and from Honolulu and Asia, which is doing well for the company. The company kicks off a new flight from Honolulu to Tokyo today and has been awarded another flight into Japan from the U.S. Department of Transportation as well, he said.
Many airlines have taken a hit after recent terrorist attacks throughout Europe, the most current in a shopping mall in Munich, Germany, and Dunkerley says Hawaiian Airlines is not insulated from the effect that fear of travel and globalization have on airlines.
Hawaiian is the best performing airline stock this year, Eisen reported.
The company's shares are up 31% year-to-date and closed up by 6.39% to $46.26 on Friday.
Separately, TheStreet Ratings team set this stock at a "buy" with a ratings score of B+. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. TheStreet Ratings team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: HA