JAL posts improved Q1 results but recovery remains dimmed

Abdul N Quraishi – Abs/ Shutterstock

On August 3, 2021, Japan Airlines (JAL) posted its financial results for the first quarter of 2021. Despite a positive advancement, recovery remains dimmed, as the international air travel demand remains at low levels due to border restrictions worldwide. 

JAL narrowed a net loss to 82.6 billion yen ($756 million) in the first quarter of 2021, an improvement of 48.4 billion yen ($443 million) compared to Q1 2020. Adding to that, the airline’s revenue increased by 74.1% year-on-year to 133 billion yen ($1.2 billion).

“Declarations of a state of emergency and strict measures to prevent COVID-19 infection have been imposed repeatedly in Japan. As a result, the international and domestic passenger demands still remain at low levels,” read the JAL statement. 

The number of passengers on international routes reached 151,000, (345.9% up compared to the same period in Q1 2020) and international passenger revenue was 11.2 billion yen ($102 million). As for domestic travelers, the figure totaled 2,708 (120% up from the same period in Q1 2020).

The airline’s bright spot has been the demand for cargo. In Q1 2021, cargo mail revenue was 47.6 billion yen ($436 million), an increase of 79.3% compared to the same period in 2020.

Japan’s second-largest air carrier did not provide full-year earnings predictions, saying the current “unforeseeable situations” made forecasts too complicated, adding they would disclose the forecast as soon as “the situation becomes foreseeable”.

Related Posts


Stay updated on aviation and aerospace - subscribe to our newsletter!