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JAL to maintain profit goal despite earthquake: President

14-Apr-2011 9:36 AM

Japan Airlines Corp President Masaru Onishi stated the carrier would not revise its profit goal for FY2011 despite the impact of the 11-Mar-2011 earthquake on passenger traffic, especially on international routes (Kyodo News, 14-Apr-2011). The carrier believes it is possible to still reported a JPY75.7 billion (USD904 million) operating profit for the 12 months ended 31-Mar-2012, as per the target set prior to the earthquake. The carrier also stated that domestic passenger demand has "stopped falling and is gradually rising from around the end of March". The carrier stated it would counter the ‘‘harsh situation’’ for international services by maintaining capacity reductions on some routes. JAL will also bring forward the implementation of measures to reduce expenses, although personnel cuts will not form part of this plan.