Representative Director, President
Japan Airlines Co., Ltd.
We would like to express our gratitude to our shareholders and investors for your continued support.
In fiscal 2022, the airline industry continued to face a challenging business environment due to the prolonged COVID-19 pandemic and unstable global conditions. On the other hand, passenger demand steadily recovered due to the easing of the border restrictions and demand stimulation measures in Japan. Cargo demand and unit prices are still at higher levels. In addition, we have thoroughly implemented disciplined cost management using the divisional profitability system against rising fuel costs and other cost increases. As a result, for the first time in 3 years since fiscal 2019, we achieved full-year profitability with EBIT 64.5 billion JPY and net income attributable to owners of the parent of 34.4 billion JPY. We would like to express our sincere gratitude to our shareholders and investors for the continued support during the pandemic.
As the focus of our management issues shifts from recovering and stabilizing the current business performance to medium and long-term growth, we believe it is important to build sustainable relationships with all our stakeholders. We will resume dividend payment, subject to approval at the General Shareholders Meeting in June, and will continue to enhance shareholder returns. Furthermore, we will actively invest in our ESG strategies, especially human resources, which are the JAL Group's greatest strength and the driving force of value creation, to achieve even greater corporate value.
In fiscal 2023, we plan to achieve EBIT of 100 billion JPY, net income attributable to owners of the parent of 55 billion JPY, and interim and year-end dividends exceeding those of fiscal 2022 by promoting the Medium-Term Management Plan Rolling Plan 2023, recovering passenger demand, and improving profitability through business structure reform. We look forward to your continued support this year.