JAL's Net Profit Soars 500% From April To Dec. 2024

Japan Airlines Co. said that its net profit for the nine months ended December increased more than fivefold from a year earlier to 85.87 billion yen ($587 million), thanks to a post-COVID surge in travel demand, as reported by Kyodo News.

For the nine months, JAL's sales rose 24.2% to 1.25 trillion yen, their highest level for the period since its relisting in 2012. I Photo: Japan Airlines Facebook

The major Japanese air carrier maintained its full-year earnings forecast, with its group net profit set to grow 2.3-fold to 80 billion yen on sales of 1.68 trillion yen, up 22.4%, signaling limited impact from the collision between one of its passenger jets and a Japan Coast Guard aircraft at Tokyo's Haneda airport last month.

The company said it expects to book an operating loss of around 15 billion yen due to the loss of one of its mainstay Airbus A350 planes, which went up in flames shortly after all the passengers evacuated.

For the nine months, JAL's sales rose 24.2% to 1.25 trillion yen, their highest level for the period since its relisting in 2012, amid robust travel demand on the back of the removal of border control measures related to the coronavirus pandemic in April.

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