JAL's international yield plummets 33.7% in first quarter
Japan Airlines stated (07-Aug-09) international passenger demand deteriorated in 1Q2009, resulting in a 33.7% reduction in yield in the period. Domestically, the carrier faced reduced demand, particularly in the premium segment, and heightened competition, resulting in a 2.5% yield reduction. The carrier however stated that Sep-2009 demand is expected to be comparable or 10% more than in Sep-2008, due to a number of national holidays falling during the month. Japan Airlines also stated that it has seen a “slight respite” in the decline of cargo shipments to/from China, although Business travel is expected to remain sluggish. [more at AsiaPacificAviation.aero]
Japan Airlines: “With the pandemic threat of the H1N1 influenza occurring within this reporting period which is also the first April-June period since the economic downturn, operating conditions compared to a year before are starkly harsher. Reflecting these circumstances, first and business class traffic were significantly down due to cutbacks in the number of business trips or downgrades to economy class business travel, and leisure demands were weak especially after the outbreak of the influenza in May… The air-related and travel-related business segments of the JAL Group too, suffered from the effects of the world economy and outbreak of the swine flu,” Company Statement. Source: 07-Aug-09.