Been digging through HA’s 2025 load factors and some of the shifts are pretty telling. West Coast stuff still looks solid, and Japan feels like the anchor again. HND and KIX sound like they’re finally in a good groove.
The cuts are the interesting part. FUK and ICN apparently never really made money long-term, and BOS always looked good in summer but fell apart the rest of the year. Losing the JetBlue link didn’t help there either. Those planes getting pushed to LAX and SEA honestly makes sense.
SYD feels rough right now. Lots of O&D and not much else. Management talking about stopovers and maybe pairing it with SEA–FCO seasonally is… bold. Wouldn’t shock me if the gate shifts north if SYD doesn’t bounce back this winter.
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