Representative Director, President
Chief Executive Officer
Japan Airlines Co., Ltd.
We would like to express our gratitude to our shareholders and investors for your continued support.
In the first half of FY2023, passenger demand recovered steadily, with domestic passenger demand already recovering to pre-pandemic levels and strong international passenger demand, especially inbound demand, improving our performance. In addition, air cargo also maintained unit prices at a higher level than before COVID-19, raising the bottom line. As a result of these factors, the second quarter financial results amounted to an EBIT of 91.2 billion yen and profit attributable to owners of parent of 61.6 billion yen, exceeding pre-pandemic FY2019 levels..
Although the environment surrounding the airline industry remains unpredictable due to the weak yen, high fuel prices, and unstable global situation, we expect passenger demand to recover steadily in the second half of the fiscal year and beyond. In light of the above, the forecast of the consolidated financial results for the fiscal year ending March 2024 have been revised upwards, to a revenue of 1 trillion and 684 billion yen, EBIT of 130.0 billion yen, and profit attributable to owners of parent of 80.0 billion yen. At the same time, we have increased the dividend forecast to 60 yen per share (including an interim dividend of 30 yen per share). We will continue to strive to realize continuous and stable shareholder returns, in accordance with our basic financial policy.
The JAL Group will continue to promote ESG strategies and actively invest in human resources, which are our greatest strength and the driving force of value creation, to enhance corporate value. We look forward to your continued support.