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MARCH 2024

Week 13


Japan Airlines expects full-year earnings to surpass pre-pandemic results

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March 25th 2024

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JAL Group, parent of Japan Airlines, has lifted its earnings before interest and tax (EBIT) full-year forecast to 140 billion yen (US$925 million), an increase of 10 billion yen from its previous EBIT estimate of 130 billion yen. Read More » The forecast was in the company's updated medium-term management plan covering the 2021 to 2025 financial years. “In the new post-COVID-19 environment, the JAL Group expects to achieve higher profits in its fiscal year than before the pandemic,” JAL Group said in a regulatory filing. The company's fiscal year ends on March 31 2024. “At the same time, we are faced with new challenges common to all, such as unstable global conditions, rising prices and a shortage of human resources.” JAL Group kept its EBIT forecast for fiscal 2024 unchanged at 170 billion yen and lifted its EBIT forecast for fiscal 2025 to 200 billion yen against from 185 billion yen previously.

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