To broaden its service network in Japan, Hawaiian Holdings’ (HA - Free Report) subsidiary — Hawaiian Airlines — re-started operations connecting Fukuoka Airport and Honolulu's Daniel K. Inouye International Airport. Notably, Fukuoka is Japan’s fourth largest city.
Reportedly, the service connecting Honolulu and its Japanese sister city — Fukuoka — has been re-started after more than five years. Notably, Hawaiian Airlines had scrapped the route in 2014 owing to lackluster demand. The resumption of service on Nov 26, 2019, was celebrated extensively in Honolulu. Hawaiian Airlines will operate nonstop flights four-times a week, through an Airbus A330 aircraft, on this route.
The re-launch of the route implies that Fukuoka is the fourth Japanese city to be served by Hawaiian Airlines flights. Prior to this, Hawaiian Airlines operated 35 nonstop flights per week between Japan and Hawaii. The flights connected Hawaiian Islands with Osaka, Sapporo, and Tokyo's Haneda and Narita Airports.
Hawaiian Airlines aims to expand its presence further in Japan by introducing additional daily flights connecting Tokyo Haneda and Honolulu. The flights will start operations from Mar 28, 2020.
With the Summer Olympic Games to be held next year in Tokyo, Hawaiian Airlines’ efforts to strengthen its foothold in Japan are commendable. This is because the routes are likely to attract substantial traffic, which in turn, should boost Hawaiian Airlines’ top line.
Zacks Rank & Other Key Picks
Hawaiian Holdings carries a Zacks Rank #2 (Buy). Investors interested in the Zacks Transportation sector may consider Allegiant Travel Company (ALGT - Free Report) , Costamare (CMRE - Free Report) and Frontline (FRO - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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