Japan Airlines (JAL) announced its financial results for the third quarter of the fiscal year ending March 2025 (April to December 2024). The net profit was 91 billion yen.
Revenue was 1 trillion 385.9 billion yen (an increase of 10.9% from the previous term), operating expenses were 1 trillion 253.7 billion yen (a rise of 11%), and earnings before interest and taxes (EBIT) were 144.2 billion yen (an 11.9% increase).
In international passenger services, JAL captured inbound demand and business travel from Japan, while in domestic passenger services, demand was stimulated by promotional campaigns, leading to a record high load factor of 82.9% in the third quarter. For cargo and mail, the airline strengthened its acquisition of high-value cargo such as pharmaceuticals and shipments from China and Asia to the Americas. EBIT for the LCC business surged sevenfold year-on-year. The load factor for ZIPAIR was 83.7%, and for Spring Japan, it was 78%.
The full-year performance forecast and dividend forecast remain unchanged. The assumptions include an exchange rate of 145 yen to 1 US dollar, Dubai crude oil at 90 US dollars per barrel, and Singapore kerosene at 110 US dollars per barrel.
