In a bid to expand its operations, Hawaiian Airlines, the wholly owned subsidiary of Hawaiian Holdings HA, announced that it intends to fly to an additional destination in Japan from Honolulu. The Honolulu, Hawaii-based carrier is looking to operate daily non-stop flights connecting Narita to Honolulu from July 22, 2016.
The proposed new route is in addition to the carrier’s daily service to Tokyo Haneda Airport (HND) and expands travel options for fliers. Narita will be the fourth Japanese destination from Honolulu after Haneda, Osaka and Sapporo and the eleventh international one for the carrier.
Hawaiian Airlines’ intention to strengthen its presence in Japan is understandable since ‘the Land of the Rising Sun’ represents Hawaii’s largest international market. Hawaiian Airlines stated in its press release that the proposed flight from Narita to Honolulu is expected to contribute $130 million in visitor spending on an annual basis apart from boosting state tax revenues to the tune of $14.7 million.
The carrier intends to use Airbus Group’s 294-seater A330-200 aircraft in the new route to enhance the flying experience of travelers. Though positive on the carrier’s decision to add a new route, we believe investor focus will remain on the investor day presentation of Hawaiian Holdings which is scheduled for Dec 2.
Zacks Rank
Hawaiian Holdings currently carries a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the airline space include SkyWest SKYW, Lufthansa DLAKY and Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VLRS. All the three stocks sport the same Zacks Rank as Hawaiian Holdings.
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
Be the first to comment