Hit by the dual impact of both the economic downturn and the outbreak of swine flu, Japan’s largest carrier Japan Airlines (JAL), reported a net loss of 99.04 billion yen (US$1.04 billion) in the three months ended 30 June. The dismal result was much larger than the 3.41 billion yen net loss it posted in the same quarter last year. “The net loss was 10 billion yen more than expected,†Yoshimasa Kanayama, a JAL senior vice president, said announcing the results. … [Read more...] about JAPAN: JAL cargo revenue plummets 56.2% in Q1
Japan Airlines
Japanese cargo slump slows
Japan’s two largest airlines saw their declines in international cargo volumes continue to slow in May. Japan Airlines, the country's largest carrier said that its international cargo volume declined for the 10th consecutive month in May, falling 21.7 per cent to 40,079 tonnes, year-on-year, a significant improvement on the 28.7 per cent plummet recorded in April. Japan’s second-largest air carrier, All Nippon Airways, said that its international cargo volume declined for … [Read more...] about Japanese cargo slump slows
JAPAN: JAL cuts more capacity on international routes
Pointing to the slow recovery in air transport demand, Japan Airlines (JAL) said it will cut capacity on its international network. It will maintain the reduced flight frequency on routes to Beijing, Shanghai (Pudong), Hong Kong and Taipei, which were decreased in the period from March to June 2009, for a new term from 1 July. In addition to these routes, the number of weekly flights from Tokyo (Narita) to Seoul (Incheon) and New Delhi, as well as from Osaka (Kansai) to Seoul (Incheon) and … [Read more...] about JAPAN: JAL cuts more capacity on international routes
JAPAN: Japanese air cargo drop slows in April
Japan’s two largest airlines – Japan Airlines (JAL) and All Nippon Airways (ANA) – saw their international cargo volume decline again in April on a yearon- year basis amid the global economic slump, but the contraction was the lowest in five months. Japan Airlines, Asia’s biggest air carrier, said its international cargo volume declined for the ninth consecutive month in April, plunging 28.7 per cent to 39,795 tonnes, an improvement over March when … [Read more...] about JAPAN: Japanese air cargo drop slows in April
JAL posts US$651.2 million full-year loss
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
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
