LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Hawaiian Holdings, Inc. (NASDAQ: HA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=HA. The Company announced on September 26, 2017, that a new comprehensive partnership agreement has been signed between the Hawaiian Airlines, the flagship airlines under Hawaiian Holdings, and Japan Airlines. The agreement was signed at a ceremony in Tokyo and is expected to take effect from March 25, 2018, subject to regulatory approvals. Once in effect, the partnership will greatly increase the comfort and leisure of travel between the two countries along with extensive code sharing, lounge access, and frequent flyer program sharing. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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The agreement will result in a detailed partnership in the form of a joint venture to provide wide options, choices, convenience, and extensions to flyers to and from Japan and also to other multiple destinations.
The heads of both airlines declared their delight on entering into this partnership as both airlines embody the hospitality, warmth, and comfort of their respective countries.
Terms of the Agreement
The terms include unlimited access to Japan Airlines' customers to the Hawaiian landscape and neighbors along with the entire network on the route with non-stop flights between Sapporo and Honolulu. Similarly, Hawaiian Airlines will have access to Japan Airlines' domestic network to cities like Nagoya, Fukuoka, Sendai, and Aomori. Hawaii's flights to and from Japan will be offered as new options under the JALPAK ? Japan Airlines' wholly owned subsidiary. JALPAK is a reputable package tour operator in Japan.
Along with this, the loyalty programs of both airlines, JAL Mileage Bank and HawaiianMiles members, will be able to earn miles between code-sharing, and opportunities of accrual and redemption will be explored further.
Hawaiian Airlines plan to relocate to Terminal 2 at Tokyo Narita Airport where guests will have the facility to seamlessly transfer between the carrier networks.
About the Companies
Founded in 1951, Japan Airlines became the first international airline from the country and is a member of the oneworld® alliance with a reach of more than 344 airports in 56 countries and regions with codeshare partners with a modern fleet of more than 227 aircraft. Its loyalty program has 31 million members worldwide.
For its part, Hawaiian Airlines is reported as the world's most punctual airline, as reported by OAG, and has topped all American airlines in on-time performance for the past 13 years (2004-2016), as reported by the US Department of Transportation. It is now in its 88th year of service and is the biggest and longest-serving airline. Hawaiian Airlines has been voted amongst the top of all domestic airlines servicing Hawaii, as per consumer surveys by Condé Nast Traveler and Travel + Leisure.
Last Close Stock Review
At the close of trading session on Wednesday, September 27, 2017, Hawaiian's stock price rose 2.54% to end the day at $38.30. A total volume of 1.19 million shares were exchanged during the session, which was above the 3-month average volume of 1.10 million shares. The Company's shares are trading at a PE ratio of 9.29. At Wednesday's closing price, the stock's net capitalization stands at $2.07 billion.
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