Japan Airlines (JAL) announced the financial results for the fiscal year ending March 2024. The net profit amounted to 95.534 billion yen.
Revenue was 1.65189 trillion yen (a 20.1% increase from the previous fiscal year), operating expenses were 1.5422 trillion yen (a 14.7% increase), and earnings before interest and taxes (EBIT) were 145.235 billion yen (a 124.8% increase), exceeding the levels of Fiscal Year 2019 before the pandemic. The load factor was 78.6% for international flights, 76.1% for domestic flights, 77.9% for ZIPAIR Tokyo, and 70.1% for Spring Japan.
Revenue breakdown included 622.3 billion yen from Full-Service Carrier (FSC) international passengers, 550.8 billion yen from FSC domestic passengers, 133.3 billion yen from FSC cargo and mail, 17.1 billion yen from other FSC revenues, and 260.8 billion yen from Mile Life Infrastructure.
The dividend forecast has been revised, raising the year-end dividend to 75 yen per share, resulting in an annual dividend of 75 yen. For the fiscal year ending March 2025, an interim and year-end dividend of 40 yen each, totaling an annual dividend of 80 yen, is projected.
For the fiscal year ending March 2025, revenue of 1.93 trillion yen, EBIT of 170 billion yen, and net profit of 100 billion yen are anticipated.
