All Nippon Airways, Japan’s secondlargest airline, says its business will dip into the red for the first time in six years and it expects a group net loss of JPY9 billion for the year to March 31 instead of a previously projected profit of JPY17 billion. It had a JPY64.1 billion profit the previous year. But the group’s revenue from its international cargo operations increased 9.8 per cent during the April- December period from a year earlier toJPY 59.2 billion (US$660.7 million). … [Read more...] about JAPAN: All Nippon sees cargo revenue rise
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JAPAN: 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 volatile 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 … [Read more...] about JAPAN: JAL posts US$428 million 3Q loss
JAPAN: Kintetsu profit declines
Kintetsu World Express, Japan's second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despiterevenue growth. Group operating revenue during the first three quarters of fiscal 2008 totaled Â¥221.634 billion (US$2.42 billion), up 4 per cent on-year. But group operating, ordinary and net profits all fell because of repeated hikes in fuel surcharges and a sharp decline in the volume of air cargo volumes … [Read more...] about JAPAN: Kintetsu profit declines
JAPAN: NCA returns to NY
Nippon Cargo Airlines is returning to New York’s JFK airport, making it the only airline to provide direct freighter service between New York and Tokyo. The service was suspended in August due to skyrocketing fuel prices and limited capacity. Customer demand has increased recently, said the airline. Despite lower fuel prices, however, “the international air cargo market remains extremely harsh,” NCA said in a statement. … [Read more...] about JAPAN: NCA returns to NY
JAPAN: Japan Air doubles Narita-London schedules
Japan Airlines is to double frequencies between its Tokyo Narita base and London Heathrow from late March to two a day, when, as previously announced it suspends its daily services between the UK airportand Osaka Kansai. … [Read more...] about JAPAN: Japan Air doubles Narita-London schedules
JAPAN: JAL and NCA to cargo code-share
Japan Airlines (JAL) and Nippon Cargo Airlines (NCA) have agreed to begin code share cargo flights from 29March. The agreement will begin with codeshare flights between Narita, Tokyo and Chicago and Los Angeles with a later expansion to New York, Seoul and Shanghai, pending approval. JAL currently operates freighteronly 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 JAPAN: JAL and NCA to cargo code-share
