INTERVIEW: JAL Aims to Expand LCC, Mileage Services

Economy Apr 24, 2024 22:01 (JST)

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Tokyo, April 24 (Jiji Press)--Japan Airlines aims to strengthen its low-cost carrier operations and expand mileage services in a bid to improve earnings, JAL President Mitsuko Tottori said Wednesday.

With these efforts, JAL hopes to boost the share of revenues from its nonairline operations to 50 pct of its overall revenues from the current 40 pct, Tottori, 59, said in her first media interview since becoming JAL president April 1.

The major Japanese airline has been seeking to diversify its operations since its aviation business was hit hard by the COVID-19 pandemic.

The company's earnings have been recovering, partly aided by the normalization of economic activities after the coronavirus crisis.

JAL estimates that it logged 140 billion yen in its earnings before interest and taxes, or EBIT, which shows profits from the core business, in fiscal 2023, which ended in March.

[Copyright The Jiji Press, Ltd.]

Jiji Press