NEW YORK (TheStreet) --Shares of Hawaiian Holdings (HA - Get Report) were falling 25.3% to $19.88 Friday after the airline said it expects operating revenue per available seat mile to fall in the first quarter, and despite in-line earnings for the fourth quarter.

Hawaiian Holdings said that it expects operating revenue per available seat mile to fall between 3.5% and 6.5% in the first quarter. The company reported operating revenue per available seat mile of 12.99 cents in the first quarter of 2014.

The airline reported earnings of 40 cents a share for the fourth quarter, in line with analysts' estimates. Revenue grew 8.1% year-over-year to $574.84 million for the quarter, compared to analysts' estimates of $574.08 million.

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Operating cost per available seat mile fell 2% year-over-year in the fourth quarter to 11.65 cents.

TheStreet Ratings team rates HAWAIIAN HOLDINGS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HAWAIIAN HOLDINGS INC (HA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: HA Ratings Report

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