
Qantas Group to Sell Entire Stake in Jetstar Japan
Japan Airlines (JAL) has announced its consolidated financial results for the third quarter of the fiscal year ending March 2026 (April–December 2025). Net profit came to 113.7 billion yen.
Revenue was 1.5137 trillion yen (up 9.2% year-on-year), operating expenses were 1.3589 trillion yen (up 8.4% year-on-year), and earnings before income taxes (EBIT) were 179.1 billion yen (up 24.2% year-on-year). EBIT exceeded the company’s plan and marked a record high.
Quarterly revenue by segment was 368.8 billion yen for full-service carrier passenger operations, 52.7 billion yen for full-service carrier cargo, 27.4 billion yen for LCC operations, 58.9 billion yen for mileage/financial services and commerce, and 64.0 billion yen for other businesses.
On international routes, JAL captured inbound demand to Japan and outbound business travel demand from Japan, while on domestic routes, passenger numbers remained strong and yields improved. In cargo, the airline captured demand between Asia and North America, and a large increase in pharmaceutical shipments originating in North America also contributed to higher revenue. LCC performance was also solid.
The full-year forecast remains unchanged, with revenue projected at 1.9770 trillion yen, EBIT at 200.0 billion yen, and net profit at 115.0 billion yen. The annual dividend forecast is 92 yen per share.