Japan Airlines

Airports & travel retail · 9201

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-03 · the filing

InboundOn JAL's full-service international routes, passenger revenue rose 14.4% to ¥211.6bn though passengers slipped 0.4% to 1.95m; the company credits strong inbound and Japan-outbound business demand, higher fuel surcharges and tight supply after Middle East airlines halted flights.
JapanDomestic passengers on its full-service network fell 2.7% to 8.83m, but higher fares, including last-minute pricing around Golden Week, lifted domestic passenger revenue 3.6% to ¥139.0bn.

Other callouts in the filing

SegmentFuel costs rose 58.4% to ¥148.9bn and the full-service airline swung to a ¥0.8bn EBIT loss from a ¥30.7bn profit. Miles, finance and commerce (JAL Card, mileage partners, trading arm JALUX) lifted EBIT 17.6% to ¥12.0bn on revenue up 13.3% to ¥56.3bn.
BasisJAL reports under IFRS and uses EBIT — profit before financing costs and income tax — as its headline profit measure, so that is the profit figure shown here. Its IFRS operating-profit line was ¥10.8bn, down 75.0%.
OutlookJAL kept its full-year forecast: revenue of ¥2,095.0bn (+4.1%), EBIT of ¥180.0bn (−17.4%) and net income of ¥110.0bn (−20.1%).

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-03

Revenue¥523.7bn+11.2%

EBIT¥12.7bn−72.1%

Net income¥5.4bn−80.2%

Japan Airlines flies full-service routes as JAL, runs low-cost carriers ZIPAIR and Spring Japan, and has a miles, card and commerce arm. In April–June 2026 revenue rose 11.2% to ¥523.7bn, but higher fuel costs cut EBIT, its headline profit measure, 72.1% to ¥12.7bn and net income 80.2% to ¥5.4bn.