Japan Airlines Co Ltd President Masaru Onishi stated, outside the IATA AGM, premium and outbound leisure traffic is recovering well following the 11-Mar-2011 earthquake and tsunami although ticket sales in Europe and North America are lagging behind forecasts (MarketWatch/Dow Jones/Bloomberg, 05/06-Jun-2011). The carrier stated it expects Europe/North America demand to take a “very long” time to recover. Overall forward premium bookings are in line with 2010 levels and outbound leisure traffic is in line with expectations. He stated recent Golden Week holiday was above expectations.
Japan Airlines: “The recovery of demand from Europe and North America has not met our expectations. We feel it’s going to be a very long, drawn out and slow recovery. We are very optimistic that the next peak season, the coming summer and especially July and August, will meet our expectations. Japanese outbound tourism demand has almost fully recovered," Masaru Onishi, President. Source: Bloomberg, 06-Jun-2011.