Hawaiian Holdings Inc. HA, -11.38% ,, the parent company of Hawaiian Airlines, plunged 9.3% during afternoon trading on Monday to counter the rally of its peers. The company did not release any news on Monday or file anything with the Securities and Exchange Commission. The company didn’t immediately respond to an inquiry for comment. The U.S. Global Jets exchange traded fund JETS, 0.15% increased 0.1% during afternoon trading. The Dow Jones Transportation Average DJT, +1.39% also rose 1.7% with all six airline components trading higher. Hawaiian Airlines’ peers were also active. Shares of American Airlines Group Inc. (AAL) (+1.11%) rose by 0.9%. JetBlue Airways Corp. JBLU +1.39% climbed by 2.2%. Delta Air Lines Inc. DAL +0.65% added 0.5%. United Airlines Holdings Inc. UAL +1.27% advanced by 1.7%. Southwest Airlines Co., LUV +0.21%, gained 0.4%. Savanthi Syth, a Raymond James analyst, said that she believes travel demand will moderate in the second part of the year. However, this is likely to be offset in part by lower fuel prices. In a client note, Syth said: “We still believe that airline stocks will perform well during a short and/or shallow recession (albeit perhaps not very soon ]),”).