Image via www.travelagentcentral.com Airliner Hawaiian Holdings (HA) released its fiscal 2016 first quarter results yesterday and many investors were not too happy with the results. Shares of the airline company closed on the day 11.36% down due to weaker-than-expected revenue figures. Despite outperforming our EPS estimate by 6.67%, Hawaiian Holdings reported $551.18 million, which is noticeably, but not drastically, lower than our revenue estimate of $556 million. Hawaiian Holdings president and chief executive officer Mark Dunkerley was not deterred from not meeting revenue estimates. “The outstanding first quarter results are a strong start to 2016,” said Mr. Dunkerley. “Solid demand for travel to Hawai’i, manageable industry capacity growth, and the low cost of fuel combined with the exceptional service that our employees deliver to our guests propelled our record results this quarter. Looking ahead, our outlook is for these positive trends to continue reinforcing our confidence that 2016 will be a great year.” Some of Hawaiian Holdings’ competitors fared better with regards to its earnings results and its recent stock prices. Alaska Air Group (ALK) and Southwest Airlines(LUV) both reported their earnings yesterday to more promising results than Hawaiian Holdings. Alaska Air’s adjusted earnings came in at $1.45 per share, outperforming our estimate of $1.42, and Southwest’s earnings came in at $0.88 per share while our estimates were $0.84 per share. Alaska Air’s’ revenues of $1.35 billion narrowly beat out our consensus estimate of $1.34 billion, with the top line growing 6% on a year-over-year basis, and Southwest’s revenue figure of $4.82 billion narrowly eclipsed our $4.81 billion estimate as well and increased 9.3% on a year-over-year basis. United Continental Holdings (UAL) also reported its fiscal 2016 first quarter earnings yesterday to mixed results. United’s EPS figure of $1.23 per share beat our estimate by 6 cents, yet 19.1% on a year-over-year basis owing to higher taxes which mitigated the positive impact of low fuel costs. American Airlines (AAL) reported its fiscal 2016 first quarter earnings early this morning with earnings per share of $1.25, 7 cents more than our estimate. Operating revenues were $9.44 billion, just beating our consensus estimate of $9.43 billion but representing a 4% year-over-year decrease. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SOUTHWEST AIR (LUV): Free Stock Analysis Report HAWAIIAN HLDGS (HA): Free Stock Analysis Report ALASKA AIR GRP (ALK): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report AMER AIRLINES (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research