Published On: Fri, Oct 30th, 2015

JAL Group Announces Consolidated Financial Results

jal-crane-logoJAL Group (JAL) today announced the consolidated financial results for the first six months of the fiscal year of 2015 – the period from April 1 to September 30, 2015.

During the reporting period (hereinafter referred to as the “second quarter”), the Japanese economy continued to recover at a moderate pace with the pace of consumer spending remaining generally robust. Global economies recovered in general with some exceptions such as China and Korea, where weakness was observed. On the other hand, the number of international visitors to Japan, which affects passenger revenue, increased significantly over the previous year. Fuel prices, which greatly affect our fuel purchasing costs, were lower than what they were last year, but the Japanese yen remained weak against the U.S. dollar. Under these conditions, JAL Group strived to increase a sense of profitability amongst employees through JAL Philosophy and the amoeba management system, realize greater management efficiencies, provide the finest service to its customers anchored in its strong commitment to flight safety, and thus achieve the targets in the JAL Group Medium Term Management Plan Rolling 2015 announced on February 18, 2015.

As a result, operating revenue in the second quarter was 687.9 billion yen (up 0.6% year-on-year), operating expense was 567.9 billion yen (down 3.9% year-on-year), and consequently, operating income came to 119.9 billion yen (up 29.2% year-on-year), ordinary income was 122.6 billion yen (up 33.7% year-on-year), and net income attributable to owners of the parent was 103.3 billion yen (up 28.7% year-on-year).