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FOCUS: Japan airlines eye low-cost services to drive post-pandemic growth

While uncertainty remains over when or if travel demand will make a full-fledged recovery from the coronavirus pandemic, Japan s two major airlines are positioning themselves to take advantage of any upturn with a punt on low-cost services. ....

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Japanese airlines eye low-cost services to drive post-pandemic growth

TOKYO: While uncertainty remains over when or if travel demand will make a full-fledged recovery from the coronavirus pandemic, Japan's two major airlines are positioning themselves to take advantage of any upturn with a punt on low-cost services. ....

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JAL reports first net loss since 2012 relisting as pandemic bites

JAL reports first net loss since 2012 relisting as pandemic bites
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Kyodo
May 7, 2021
Japan Airlines Co. on Friday reported a net loss of ¥286.69 billion for the business year through March as the coronavirus pandemic depressed travel demand, causing the company to log its first red ink since relisting in 2012 following business rehabilitation.
JAL, which has been undergoing cost-cutting to ride out the COVID-19 crisis, did not disclose earnings forecasts for the current year through next March, citing uncertainty. ....

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Japan Airlines logs 1st net loss since post-bankruptcy relisting due to COVID-19 - World News

2021-05-07 15:36:09 GMT2021-05-07 23:36:09(Beijing Time) Xinhua English
TOKYO, May 7 (Xinhua) Japan Airlines (JAL) said on Friday that it posted a net loss of 286.69 billion yen (2.64 billion U.S. dollars) for the past fiscal year (April 1, 2020-March 31, 2021) as the COVID-19 pandemic battered demand for travel.
It is the first time for the Japanese carrier to report net loss since its returning from bankruptcy and relisting in 2012.
For the current fiscal year which started on April 1, the company opted not to reveal its earnings forecasts, with company executives citing uncertainty over travel demand looking ahead.
In the year through March 31, JAL reported its sales plunged by 65.3 percent from the year before to 481.23 billion yen (4.43 billion U.S. dollars), as it launched a number of cost-cutting initiatives to try to stem the outflow of capital. ....

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JAL to make Chinese LCC Spring Airlines Japan unit a subsidiary

JAL to make Chinese LCC Spring Airlines Japan unit a subsidiary
Japan Airlines Co. is planning to make a unit of Chinese low-cost carrier Spring Airlines Co. a subsidiary to meet an expected recovery in tourism demand after the coronavirus pandemic subsides, sources familiar with the matter said Sunday.
JAL, which currently has about a 5 percent stake in Spring Airlines Japan Co., will invest an additional several billion yen possibly in June to increase its stake to 51 percent or more, the sources said.
The major Japanese airline is eager to cash in on the projected return of Chinese tourists to Japan following the end of the pandemic. The company is expected to release details of the investment in its midterm business plan to be released on May 7, they said. ....

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