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JAL expected to return to profitabilty in FY2011; load factor and unit revenue expected to improve

3-Feb-2010 11:04 AM

Enterprise Turnaround Initiative Corporation of Japan (ETIC) reportedly stated its operating profit projections for Japan Airlines reflects a V-shaped recovery, with JAL expected to return to profitability in FY2011, after first reporting to a JPY265.1 billion (USD2.9 billion) loss in the current Fiscal Year (to 31-Mar-2010) (Yomiuri Shimbun, 03-Feb-2010). Over the next five years, JAL is projected to report revenues lower than JPY1.4 trillion (USD15.5 billion) projected for FY2009, although the unit fare per customer on JAL’s international services is expected to increase by more than 20%, with load factors targeted to increase from the current 63% to 73%.