JAL’s cargo revenues drop in 2011

Carrier earns profit of $2.34 billion

capacity cut domestic cargo freighters suspended international cargo JAL

The Japan Airlines Group (JAL) announced a net profit of $2.34 billion, an operating profit of $2.56 billion and revenue of $15.08 billion for the fiscal year of 2011.Despite the profit, cargo did not do too well.

Amidst the decline in overall cargo demand from overseas, JAL had to suspend freighters and cut capacity due to downsizing of passenger aircraft by November 2010. The volume of international cargo transported in the period on a consolidated basis in revenue-cargo-ton-kilometer (RCTK) declined by 36.9 per cent from the same period a year ago and revenue was $671.84 million. As for domestic cargo, the volume transported in RCTK terms declined year-on-year by 11.4 per cent and revenue generated from domestic cargo operations was $312.77 million.