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Review of Operations

Related Operations

Many Group companies in the related operations category enjoyed growth in sales and profits, due to growth in international passenger-related demand, among other factors. Revenues for related operations (after consolidation adjustments) thus rose 13.4% year-on-year to ¥636.1 billion.

Airline-related business

In the airline-related business, the recovery in demand boosted sales at in-flight catering companies, and the Narita-area auxiliary power unit business performed strongly based on increased sales to foreign carriers. Revenues for the airlinerelated business thus amounted to ¥293.7 billion, with operating income reaching ¥5.3 billion.

Travel services

Demand for travel services rose sharply over the previous year for all regions with the exception of Europe and Oceania. Domestic tourism demand also remained strong. As a result, the travel services business reported sales of ¥424.5 billion, with a ¥0.2 billion operating loss.

Other businesses

The Other businesses segment, primarily hotels and duty-free shops, benefited from recovering demand. Credit card business revenue increased as the number of JAL Card cardholders grew, as did revenue at Blue Sky shops and restaurants at domestic airports. Revenues from related operations as a whole thus amounted to ¥268.0 billion, with operating income of ¥10.0 billion.

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