Fitch lifts Hawaiian Airlines to positive

Fitch Ratings said it affirmed the ratings for Hawaiian Airlines, Inc. and its parent company, Hawaiian Holdings, Inc., at B+.

The outlook was revised to positive from stable.

The outlook revision was driven by the company's continued solid financial performance in the past year, Fitch said.

The company produced healthy revenue and operating margin growth in 2016 while reducing on-balance sheet debt by more than $200 million, the agency explained.

Fitch said its primary concerns for the ratings revolve around upcoming cost pressures, particularly related to labor as the company works to absorb increased rates of pay for its pilots.

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