HOME>Investor Relations>Message from President & CEO
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Thank you for your strong support of the JAL Group.
With regard to the JAL Group’s consolidated financial results for FY2007, the year ended March 31 2008, we implemented various measures in the first year of the FY2007-2010 JAL Group Medium Term Revival Plan, aimed at rebuilding our business structure so that it is capable of generating stable income in any environment. We placed even greater emphasis on providing products and services created from the “customers’ standpoint”, and amongst others became a member of oneworld, the leading quality multi-airline alliance, and implemented ‘premium strategies’ targeted at business and top-tier travelers. To address the unprecedented rise in the cost of fuel, we stepped up efforts to renew our fleet with more fuel-efficient aircraft, and reduce fuel consumption, and furthermore, to steadily reduce personnel costs. Through these measures, we achieved good results, and managed to post an operating income of 90 billion yen, which significantly exceeded our initial forecasts. However, these are just the first steps forward in terms of strengthening our corporate constitution and creating a more stable financial situation for the JAL Group. Regardless of this progress, regrettably we will be unable to pay a dividend for FY2007, as the business environment continues to be severe, particularly against the backdrop of the unprecedented rise in the price of fuel. We would like to sincerely apologize to all our shareholders. We have established a new JAL Group Medium Term Revival Plan for FY2008-2010, which will enable us to meet head on the challenges posed by this increasingly severe business environment. Through the issuance of preferred shares for third party allocation, we will actively improve our financial constitution, renew our fleet, make further capital investment, and implement the new Medium Term Revival Plan so that we can pay a dividend as soon as possible, and further improve the JAL Group’s profitability. We would appreciate your continued support. |
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Message from President & CEO
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