Japan Airlines has reported a net loss of Â¥63.1 billion (US$651.2 million) for the 2009 fiscal year ended 31 March, reversing a net profit of Â¥16.9 billion a year earlier. JAL recorded a 12.5 per cent decline in group revenue to Â¥1.95 trillion, while international cargo revenue slumped 23 per cent to Â¥152.1 billion. The company is forecasting further decreases in revenue of Â¥203.1 billion in the current year but hopes to offset that with a Â¥195 billion reduction in operating … [Read more...] about JAL posts US$651.2 million full-year loss
Japan Airlines
JAL and NCA to cargo code-share
Japan Airlines (JAL) and Nippon Cargo Airlines (NCA) have agreed to begin code share cargo flights from 29 March. The agreement will begin with code-share flights between Narita, Tokyo and Chicago and Los Angeles with a later expansion to New York, Seoul and Shanghai, pending approval. JAL currently operates freighter-only flights on 27 routes worldwide with 70 flights per week, and with this code share agreement, the number of cargo flights a week increases to 75. … [Read more...] about JAL and NCA to cargo code-share
JAL posts US$428 million 3Q loss
Japan Airlines parent JAL Group reported a net loss of Â¥38.5 billion (US$428 million) for its fiscal third quarter ended 31 December, reversing a Â¥13.1 billion net profit in the same period a year earlier, citing declining demand, rising yen and volitile fuel prices. "The global economic slowdown and the accelerating appreciation of the yen led to a substantial year-on-year decrease in demand on Europe and US routes" in the first nine months of its fiscal year, JAL said in a statement. … [Read more...] about JAL posts US$428 million 3Q loss
Plummeting volumes for JAL and ANA
Japan Airlines, Asia¡¯s biggest air carrier, said international cargo volume declined for five months in a row to November, when volume plummeted 25.1 per cent to 47,000 tonnes. During the first eight months of the fiscal year 2008, which started in April, international volume totaled 434,943 tonnes, down 7.8 per cent from the same period a year earlier. By comparison, JAL's domestic cargo in November increased 13 per cent on-year and year-to-date. Japan¡¯s second-largest airline, All Nippon … [Read more...] about Plummeting volumes for JAL and ANA
Japan Airlines
Japan Airlines has said it is canceling cargo flights between Tokyo Narita and New York JFK from 1 October, part of a reduction in freighter services for the second half of its fiscal year ending 31 March. “The airline is currently facing a tough environment, particularly in terms of its North American freighter business,” JAL said. “Even though the price of fuel has stabilized, it has remained at a very high level. Furthermore, the business outlook centering on North America … [Read more...] about Japan Airlines