JAL Revises Earnings Forecast, Final Profit of 90 Billion Yen for the Fiscal Year Ending March 2024

Japan Airlines JAL/JL Boeing 787-9 JA863J

Japan Airlines (JAL) has revised its full-year earnings forecast for the fiscal year ending in March 2024.

Revenue is expected to be 1.684 trillion yen (down 31 billion yen from the previous announcement), finance and corporate income before taxes (EBIT) is projected at 140 billion yen (up 10 billion yen), and net income for the term at 90 billion yen (up 10 billion yen).

Domestic passenger revenue has exceeded expectations due to higher fares, whereas international passenger revenue has fallen short of previous forecasts due to a decline in demand from Japan. Operating expenses are anticipated to be 22 billion yen below the previous forecast, due to reductions in fuel costs and other expenses. A total of 19.9 billion yen is expected to be recorded as insurance money for the total loss of an Airbus A350-900 aircraft due to an accident.

In addition, the year-end dividend has been set at 40 yen per share (an increase of 10 yen). As a result, the annual dividend will be 70 yen.

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