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Transportation

Haneda airport train slashes fares to dominate access to Tokyo hub

Keikyu stuns bus and monorail rivals with 30% price reduction

Rail operator Keikyu cut the fare on its Haneda Airport-to-central Tokyo route by about 30%. (Photo courtesy of Keikyu)

TOKYO -- As companies across Japan raised prices to adjust to the 2 percentage-point hike in consumption tax on Oct.1, railroad operator Keikyu went against the grain by reducing fares on its cash cow Haneda Airport-to-central Tokyo route by about 30%.

It was not as if the rail operator needed a shot in the arm. Keikyu commands a comfortable top share of 32% of the passengers using the urban airport. The fare revision is expected to blow a 4 billion-yen ($36.7 million) hole in revenue.

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