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
Japan Airlines
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
