Is timer instance can be reused in java?

Is timer instance can be reused in java?

In the following code is it possible to reuse the same timer1 object again
instead of timer2 for invoking timertask?
Timer timer1 = new Timer();
timer1.scheduleAtFixedRate(new TimerTask() {
int counter = 0;
@Override
public void run() {
PriorityQueueHandler.getQueueInstance().addToQueue(passengers.get(counter));
counter++;
if(counter == passengers.size()){
counter = 0;
}
}
}, DELAY, ARRIVAL_INTERVAL);
PriorityQueueHandler.getQueueInstance().print();
Timer timer2 = new Timer();
timer2.scheduleAtFixedRate(new TimerTask() {
@Override
public void run() {
PriorityQueueHandler.getQueueInstance().print();
}
}, DELAY, BOOKING_INTERVAL);