Japan Airlines reported its first-quarter results for the fiscal year ending March 2027. Quarterly profit fell 80.2 percent year-on-year to 5.3 billion yen, hit by surging fuel costs amid heightened Middle East tensions, but the full-year earnings forecast was left unchanged. Revenue rose 11.2 percent to 523.7 billion yen, a record high for the first quarter. International passenger yield climbed 16.9 percent to 19.6 yen per kilometer, while domestic yield rose 6.0 percent to 20.7 yen, reflecting stronger unit prices. Fuel expenses swelled 58.4 percent to 148.8 billion yen. However, EBIT from the miles, finance and commerce business grew 17.6 percent to 12 billion yen, helping to keep the group in the black. Combined EBIT from the full-service carrier and low-cost carrier businesses also recovered from a loss in April to exceed the initial plan by June. The recent strengthening of the yen is also seen as a cost relief factor. After the earnings release, the stock closed 1.24 percent higher at 2,979.5 yen.
Japan Airlines Co., Ltd.Surging fuel costs due to Middle East tensions drove an 80% profit plunge.