Financial Results [2.92 MB : PDF]

JAPAN AIRLINES Co., Ltd. Financial Results

1st Quarter Mar/2023（FY2022）

August 1, 2022

AIRBUS A350-900 #16

©Japan Airlines, ALL rights reserved.

								SKYTRAX
SKYTRAX
Covid-19 Safety						World Airline Star
	SKYTRAX
Rating				Rating
5-Star		COVID-19 Excellence Award		5-Star

APEX

Health Safety Powered

by SimpliFlying Audit

Diamond

The 9th

IR Good Visual Award

SKYTRAX

2021

World's Best Economy Class

Best Economy Class Airline Seat

※

APEX

WORLD CLASS

Health and Productivity

ManagementBrand

1. PERFORMANCE OVERVIEW FOR FY22Q1
2. RECENT OUTLOOK
3. DETAILS OF FINANCIAL RESULTS FOR FY22Q1
4. REFERENCES

ESG Indices

※

THE INCLUSION OF JAPAN AIRLINES CO., LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI

LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A

SPONSORSHIP, ENDORSEMENT OR PROMOTION OF JAPAN AIRLINES CO., LTD. BY MSCI OR

ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI

AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI

OR ITS AFFILIATES.

Note (1) Regarding figures in tables of this material, amounts are rounded down to the nearest hundred million yen, and the second decimal
point in ratios is rounded off to one decimal point (2) LCC=Low Cost Carrier	2
We introduced ESG-related index selections to evaluate executive officer's compensations. ※ indicates the applicable index.

PERFORMANCE OVERVIEW FOR FY22Q1

• Both Revenue and EBIT have improved. Demand has steadily recovered as society shifts toward a balance of social economic activities and preventing the infection.
• Although interim dividends will not be paid as it is necessary to further monitor our performance, we aim to resume dividends by the end of March 2023.

Revenue

(JPY Bn)

+135.8 Bn

(+102.1%)

Fuel/FX Markets

	FY21Q1	FY22Q1	Vs. FY21Q1
Singapore Kerosene	68.4	136.9	＋100.1%
(USD/bbl)
Dubai Crude Oil
64.5	107.3	＋66.4%
(USD/bbl)
FX Rate (JPY/USD)
108.7	125.3	＋15.3％

EBIT(1) / Profit or Loss (2)

(JPY Bn)

+55.1Bn

Operational Preconditions/ASK

Vs. FY21Q1

International	Domestic	Total
Routes	Routes
＋47.4%	＋66.4%	＋56.4%

(1) EBIT= Profit/Loss before Financing and Income tax (Profit/Loss before Tax - Finance Income/Expenses) (2) Profit/Loss = Quarterly Profit Attributable to Owners of Parent

(3) EBIT Margin =EBIT / Revenue

3

FY22Q1 Performance by Business Domain

Full Service Carrier

Significant increase in revenue

by appropriate resource allocation

FY22Q1 Revenue

153.1 JPY Bn

Cargo & Mail

Int'l cargo revenue x1.4 YoY keeping good performance

FY22Q1 Revenue

65.3 JPY Bn

Full Service carrier					Cargo & Mail

FY22 Q1 EBIT▼31.7 JPY Bn

LCC

Losses continue but sign of recovery in leisure and VFR(※) demand is evident

FY22Q1 RevenueFY22Q1 EBIT

	3.3 JPY Bn
				▼3.5 JPY Bn
Revenues of the two			EBIT of the two subsidiaries and
		any factors related to the affiliated
consolidated subsidiaries,
			company accounted for by the
ZIPAIR Japan and Spring Japan
			equity-method, Jetstar Japan

Mileage, Lifestyle, Infrastructure and Others

Increase in revenue by recovering demand and consolidation of JALUX

	FY22Q1 Revenue			FY22Q1 EBIT
	47.0 JPY Bn				7.7 JPY Bn

• Visit Friends and Relatives

• The revenue and EBIT by each business domain shown above are calculated by a virtual method; Not showing the actual Revenue and EBIT
• The criteria shown above does not match Air transportvBusiness Segment or Others
• The numbers may be changed because of the internal change of accounting rules ex post
• The criteria shown above has started from this fiscal year. There is no historical data available.

©Japan Airlines, ALL rights reserved.	4

1. PERFORMANCE OVERVIEW FOR FY22Q1
2. RECENT OUTLOOK
3. DETAILS OF FINANCIAL RESULTS FOR FY22Q1
4. REFERENCES

©Japan Airlines, ALL rights reserved.	5