Hawaiian Holdings (HA) is riding on its continued healthy demand scenario. The company’s efforts to expand are commendable. However, a surge in operating expenses and weak liquidity does not bode well for the company.Factors Favoring HAThe uptick in air travel demand bodes well for Hawaiian Holdings. In the first quarter of 2024, scheduled airline traffic (measured by revenue passenger miles) increased 5.9% year over year. Scheduled capacity (measured in available seat miles or ASM) rose 2.7% year over year ...