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United Airlines (UAL) to Resume Denver-Tokyo Service Next Year
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United Airlines (UAL - Free Report) has reportedly decided to resume operations to Tokyo from Denver, as COVID-related woes are subsiding. Non-stop flights from Denver to Tokyo will commence from Mar 4, 2023. Return flights from Tokyo’s Narita International Airport to Denver International Airport will start taking to the skies from Mar 5, 2023.
Initially, the service will be available three times a week. Flights will depart from Denver to Tokyo on Monday, Thursday and Saturday. Return flights to Denver will take to the skies on Tuesday, Friday and Sunday. Flights on the route will operate daily from Mar 25, 2023.
We remind investors that the Denver-Tokyo route was suspended due to COVID-19. Prior to that, the route had been in operation since 2013. With air-travel demand bouncing back strongly from the pandemic lows, the decision of resuming this route is a prudent one and is likely to attract significant traffic. This will boost UAL’s top line.
Earlier this month, United Airlines announced that it intends to restart flights to two other Asian destinations — Osaka and Hong Kong — from San Francisco International Airport. Both routes are expected to be operational by the beginning of 2023. These flights, like the ones on the Denver-Tokyo route, were suspended during the pandemic.
Investors interested in the broader Transportation sector may, however, consider the following better-ranked stocks:
Covenant Logistics (CVLG - Free Report) : CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, beside asset-light warehousing, transportation management and freight brokerage capability.
CVLG currently sports a Zacks Rank #1. The gradually improving freight market scenario is a tailwind for Covenant. CVLG’s cost-control efforts are appreciated as well. The Zacks Consensus Estimate for 2022 earnings has been revised 10.1% upward in the past 60 days.
Teekay Tankers (TNK - Free Report) : TNK is well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.
Teekay Tankers currently sports a Zacks Rank #1. TNK’s shares have soared 171% in a year. Over the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved 87.6% north.
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United Airlines (UAL) to Resume Denver-Tokyo Service Next Year
United Airlines (UAL - Free Report) has reportedly decided to resume operations to Tokyo from Denver, as COVID-related woes are subsiding. Non-stop flights from Denver to Tokyo will commence from Mar 4, 2023. Return flights from Tokyo’s Narita International Airport to Denver International Airport will start taking to the skies from Mar 5, 2023.
Initially, the service will be available three times a week. Flights will depart from Denver to Tokyo on Monday, Thursday and Saturday. Return flights to Denver will take to the skies on Tuesday, Friday and Sunday. Flights on the route will operate daily from Mar 25, 2023.
We remind investors that the Denver-Tokyo route was suspended due to COVID-19. Prior to that, the route had been in operation since 2013. With air-travel demand bouncing back strongly from the pandemic lows, the decision of resuming this route is a prudent one and is likely to attract significant traffic. This will boost UAL’s top line.
Earlier this month, United Airlines announced that it intends to restart flights to two other Asian destinations — Osaka and Hong Kong — from San Francisco International Airport. Both routes are expected to be operational by the beginning of 2023. These flights, like the ones on the Denver-Tokyo route, were suspended during the pandemic.
Zacks Rank & Stocks to Consider
United Airlines currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors interested in the broader Transportation sector may, however, consider the following better-ranked stocks:
Covenant Logistics (CVLG - Free Report) : CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, beside asset-light warehousing, transportation management and freight brokerage capability.
CVLG currently sports a Zacks Rank #1. The gradually improving freight market scenario is a tailwind for Covenant. CVLG’s cost-control efforts are appreciated as well. The Zacks Consensus Estimate for 2022 earnings has been revised 10.1% upward in the past 60 days.
Teekay Tankers (TNK - Free Report) : TNK is well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.
Teekay Tankers currently sports a Zacks Rank #1. TNK’s shares have soared 171% in a year. Over the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved 87.6% north.