Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Japan Airlines Co., Ltd.    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

(9201)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Japan Airlines chief, credited with helping steer recovery, to step down

01/24/2018 | 04:44am EST
JAL Co's President Ueki speaks to the media after JAL group's initiation ceremony at a hangar of Haneda airport in Tokyo

TOKYO (Reuters) - Japan Airlines Co (>> Japan Airlines Co Ltd) (JAL) said President Yoshiharu Ueki, who helped lead the company's recovery from bankruptcy, will be replaced by a senior executive in April, as the carrier looks to profitably win back some of its market share at home.

TOKYO (Reuters) - Japan Airlines Co (>> Japan Airlines Co Ltd) (JAL) said President Yoshiharu Ueki, who helped lead the company's recovery from bankruptcy, will be replaced by a senior executive in April, as the carrier looks to profitably win back some of its market share at home.

Ueki, a former pilot who was named president in 2012, will become chairman while 56-year-old Yuji Akasaka, currently managing executive officer in charge of engineering and maintenance, will become the new president, the company said.

Ueki said he had set a six-year presidential term as a goal.

"I wanted to pass the baton to the next generation before my energy became empty, and that came this year," the 65-year-old said at a news conference on Wednesday.

Ueki is credited with being instrumental in revitalizing the once-bankrupt carrier by slashing costs and clinching code-sharing deals. The challenge for his successor will be to gain back market share from rival ANA Holdings (>> ANA Holdings Inc).

"I want to continue developing our business with the intent of securing solid profitability, and not aimlessly pursue scale," Akasaka said at the news conference.

JAL was freed from government-imposed restrictions on route expansion only last April, more than seven years after filing for bankruptcy and receiving a taxpayer-funded bailout.

"The management change seems a year late - not at all relating to competency but rather because a new strategy should be led by a new team," said Will Horton, a senior analyst at CAPA Centre for Aviation.

"The biggest challenge for the new management team is to change company mindset, retaining financial discipline and strong service focus but being less unnecessarily conservative and more agile."

In 2010, JAL had collapsed under the weight of a bloated cost base and over 2 trillion yen ($18 billion) in debt. With the help of a 350-billion yen capital injection from a state-backed fund, and debt waivers by banks, the former flag carrier relisted in Tokyo less than three years later.

ANA benefited from JAL's bankruptcy by winning slots at Haneda Airport, the airport preferred by business travelers departing from or arriving in Tokyo. It overtook JAL in 2016 to become the country's biggest international airline and holds a higher Skytrax rating for passenger service and comfort.

($1 = 109.8500 yen)

(Reporting by Minami Funakoshi; additional reporting by Jamie Freed in Singapore; Writing by Ritsuko Ando; Editing by Edwina Gibbs and Himani Sarkar)

By Minami Funakoshi

Stocks treated in this article : ANA Holdings Inc, Japan Airlines Co Ltd

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 1.49% 2310 End-of-day quote.1.45%
BASE CO., LTD. -1.36% 5800 End-of-day quote.-5.69%
BASE,INC. -3.96% 10680 End-of-day quote.9.43%
CHANGE INC. -0.44% 3405 End-of-day quote.-3.40%
JAPAN AIRLINES CO., LTD. 2.18% 1922 End-of-day quote.-3.66%
LETS HOLDINGS GROUP CO., LTD. -2.33% 7.53 End-of-day quote.-3.21%
LOOK HOLDINGS INCORPORATED -0.76% 914 End-of-day quote.-4.49%
STEP CO.,LTD. -0.27% 1502 End-of-day quote.-5.95%
TEAM, INC. 0.00% 10.9 Delayed Quote.0.00%
THE LEAD CO., INC. 3.63% 856 End-of-day quote.1.90%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED 7.93% 354 End-of-day quote.30.15%
US DOLLAR / JAPANESE YEN (USD/JPY) -0.13% 103.764 Delayed Quote.0.50%
All news about JAPAN AIRLINES CO., LTD.
01/19Nikkei weakens from early gains as boost from Yellen runs out of gas
RE
01/13JAPAN AIRLINES : Announces Resumption of Nonstop Flights to Tokyo from San Diego..
AQ
01/08JAPAN AIRLINES : Virus emergency prompts cuts in domestic flights, bullet trains
AQ
2020JAPAN AIRLINES : Announces International Network Plan between February 1 and Apr..
AQ
2020JAPAN AIRLINES : JAL Announces International Fare Fuel Surcharge for Tickets Iss..
AQ
2020JAPAN AIRLINES : JAL Ground Service Receives ISAGO Certification for Ground Hand..
AQ
2020Nikkei ends lower as rising COVID-19 infections sap risk appetite
RE
2020Nikkei slips as rising COVID-19 infections sap risk appetite
RE
2020Japan's travel shares drop after govt suspends subsidy programme
RE
2020Japan should weigh safety net for pandemic-hit firms, says PM aide
RE
More news
Financials
Sales 2021 525 B 5 063 M 5 063 M
Net income 2021 -252 715 M -2 435 M -2 435 M
Net Debt 2021 147 B 1 413 M 1 413 M
P/E ratio 2021 -3,09x
Yield 2021 -
Capitalization 840 B 8 085 M 8 092 M
EV / Sales 2021 1,88x
EV / Sales 2022 0,87x
Nbr of Employees 35 653
Free-Float 95,6%
Chart JAPAN AIRLINES CO., LTD.
Duration : Period :
Japan Airlines Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JAPAN AIRLINES CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 2 287,50 JPY
Last Close Price 1 922,00 JPY
Spread / Highest target 30,1%
Spread / Average Target 19,0%
Spread / Lowest Target -1,14%
EPS Revisions
Managers and Directors
NameTitle
Yuji Akasaka Executive President & Representative Director
Yoshiharu Ueki Chairman
Takahiro Abe Executive Officer & General Manager-Operations
Toshiki Oka Executive Officer & GM-IT Planning
Hideki Kikuyama Representative Director
Sector and Competitors
1st jan.Capitalization (M$)
JAPAN AIRLINES CO., LTD.-3.66%7 928
DELTA AIR LINES, INC.-0.57%25 393
RYANAIR HOLDINGS PLC-5.88%20 834
AIR CHINA LIMITED-6.23%14 095
UNITED CONTINENTAL HOLDINGS, INC.3.47%12 772
CHINA SOUTHERN AIRLINES COMPANY LIMITED-0.65%12 138