JAL

JAL's profit drops despite strong cargo revenue

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Japan Airlines (JAL) reported a 3.1 per cent YoY drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue. Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen - against a previous projection of 135 billion yen - owing to falling fuel costs and stronger revenue in its cargo business. … [Read more...] about JAL's profit drops despite strong cargo revenue

JAL introduces new light weight ULDs

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JAL Cargo announced that it has started to use 480 new light-weight cargo containers on its international routes. The new ULDs weigh 58 kg, 41 kg less than the old aluminum containers. They are made of synthetic resin in a honeycomb structure which gives them greater strength and flexibility than the old design. A maximum of 44 containers can be loaded on B777-300ER and with this load the aircraft is 1,804 kg lighter than it would be with aluminium cargo containers. Fuel consumption can be … [Read more...] about JAL introduces new light weight ULDs

ANA boss complains about government support for JAL

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ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," according to a Nikkei report. JAL is receiving around Â¥900 billion (US$9.6 billion) in government support to ensure its survival as it navigates through a court-monitored bankruptcy restructuring. … [Read more...] about ANA boss complains about government support for JAL

Japan Airlines pulls plug on freighter ops

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Japan Airlines (JAL), which is undergoing government-mandated restructuring after entering bankruptcy in January, has said it will drop out of the freighter business by October, opting instead to utilise the belly cargo capacity of its passenger network which offers three times as much total cargo capacity as its freighter services. The decision means JAL's fleet of six B747 freighters and three B767 wide-body freighters will be sold or parked. ''We decided to move to a model where we can make … [Read more...] about Japan Airlines pulls plug on freighter ops

NYK/JAL negotiations end, JAL may exit cargo

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Nippon Yusen Kabushiki Kaisha (NYK) and Japan Airlines International (JAL) have officially ended negotiations around a possible merger of the cargo businesses of JAL and NYK's subsidiary, Nippon Cargo Airlines (NCA). The negotiations involved the restructuring and the feasibility of a potential merger of the cargo business of JAL and NCA. Both parties said they have reached an amicable conclusion to end the negotiations because the structure of the merger could not be organised within the scope … [Read more...] about NYK/JAL negotiations end, JAL may exit cargo

JAL succumbs to bankruptcy

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The axe has finally fallen at Japan Airlines (JAL) with the beleagured carrier filing for court-protected bankruptcy and turning to Japan’s state-owned Enterprise Turnaround Initiative Corporation (ETIC) for restructuring support. In one of Japan's biggest corporate failures, JAL applied for protection from creditors under the Corporate Rehabilitation Law — Japan's version of the US' Chapter 11 — with the Tokyo District Court. ETIC has confirmed that it will … [Read more...] about JAL succumbs to bankruptcy