Aviation Intelligence Database · Airline profile
Airline profile
Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.
At a glance
Latest reported period
Trends
Performance over time
Headline metrics and the gap between unit revenue and unit cost, FY2022 to the latest period.
Metrics
Full-year history
Analysis
What the numbers say
More detail
Additional disclosures
Guidance vs actual
Did the airline deliver?
What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.
Fleet & orders
Fleet composition
Key events
What moved the numbers
Peers
Compare with peers
FAQ
Frequently asked questions
Methodology
How to read this page
Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. The first 14 rows are the metrics used in the Airline Comparison tool.
- Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
- Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
- YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
- Operating margin is operating result ÷ revenue unless the company defines its own margin (marked D).
- Sources: annual reports, interim results and traffic statements. See Data & Research.
Text version of the Japan Airlines data on this page
Japan Airlines data snapshot
- Scope: JAL Group P&L; full-service (FSC) traffic excludes LCC brands
- Region: Asia-Pacific
- Business model: Global network
- Financial year end: 31 Mar
- Reporting currency: JPY
- Source: JAL Group financial releases & traffic data
- Latest period: Q2 2026
- Last updated: 2026-09-23
Latest read
JAL has produced three consecutive years of revenue and EBIT growth, but Q1 FY2026 showed much greater fuel and yen sensitivity. The airline continues to increase international exposure while keeping the domestic network at very high scale.
Reported metrics by period
Annual results
- FY2025 (31 Mar 2026): Passengers: 46.24m FSC (International 8.01m + domestic 38.23m; excludes LCC) [Defined]; Revenue: ¥2.0125tn [Group]; Operating profit / result: ¥218.0bn EBIT (EBIT) [Defined]; Operating margin: 10.8% (EBIT margin, consistent with company-reported results); Load factor: 85.1% FSC (Combined international + domestic FSC) [Defined]; Capacity / ASK: 87.69bn ASK FSC (Combined international + domestic FSC) [Defined]; Fleet size: 234 (JAL aircraft · Mar 2026); Revenue passenger km (RPK): 74.58bn FSC (Combined international + domestic FSC) [Defined]; Net profit: ¥137.6bn. Source: JAL FY2025 results.
- FY2024 (31 Mar 2025): Revenue: ¥1.844tn [Group]; Operating profit / result: ¥172.4bn EBIT (EBIT) [Defined]; Operating margin: 9.3% (EBIT ÷ revenue) [Calculated]; Net profit: ¥107.0bn. Source: JAL FY2024 results.
- FY2023 (31 Mar 2024): Revenue: ¥1.6518tn [Group]; Operating profit / result: ¥145.2bn EBIT (EBIT) [Defined]; Operating margin: 8.8% (EBIT ÷ revenue) [Calculated]. Source: JAL FY2023 results.
Quarterly and interim results
- FY26 Q1 (30 Jun 2026): Passengers: 10.779m (JAL FSC passengers: 1.947m international + 8.832m domestic; excludes LCC) [Calculated]; Revenue: ¥523.7bn (Q1 revenue; +11.2% YoY, record level) [Group]; Operating profit / result: ¥12.7bn EBIT (Q1 EBIT) [Defined]; Operating margin: 2.4% (Q1 EBIT ÷ revenue) [Calculated]; Load factor: 82.7% (JAL FSC: 17,535m RPK ÷ 21,203m ASK) [Calculated]; Capacity / ASK: 21.203bn ASK (JAL FSC: 12.731bn international + 8.472bn domestic ASK; excludes LCC) [Calculated]; Cash / liquidity: ¥1,157.4bn (JAL Group cash and deposits at 30 Jun 2026); Net debt / cash / leverage: 0.6× debt/equity (¥827.9bn interest-bearing debt ÷ ¥1,447.3bn equity at 30 Jun 2026) [Calculated]; Fleet size: 234 aircraft (JAL Group at 30 Jun 2026: 220 FSC + 14 LCC); Fleet growth / guidance: ¥2.095tn revenue (FY26 target; EBIT ¥180bn, net profit ¥110bn) [Defined]; Net profit: ¥5.3bn (Q1 net profit). Source: JAL FY2026 Q1 results presentation.
- FY25 Q1 (30 Jun 2025): Revenue: ≈¥471.0bn (Derived from reported +11.2% Q1 FY2026 change) [Calculated].
Guidance versus actual
| Period | Metric | Guided | Actual | Outcome / note |
|---|---|---|---|---|
| FY2026 | Revenue | ¥2.095tn | Q1: ¥523.7bn | Pending · Full-year target |
| FY2026 | EBIT | ¥180bn | Q1: ¥12.7bn | Pending · Below FY2025 EBIT of ¥218.0bn despite higher revenue target |
| FY2026 | Net profit | ¥110bn | Q1: ¥5.3bn | Pending · Full-year target |
Fleet
Total fleet: 234 aircraft (as of Mar 2026). Planned growth: from FY2027 onward JAL plans to introduce ten Boeing 787-9s and twenty Airbus A350-900s, while 11 A321neos are planned mainly as Boeing 767 replacements on domestic routes from FY2028. The Group is also expanding freighter operations and growing ZIPAIR.
| Fleet fact | Value | Context |
|---|---|---|
| FY25 fleet | 234 | JAL aircraft · Mar 2026 |
| Boeing 787-9 | 10 | Planned introductions from FY2027 onward |
| Airbus A350-900 | 20 | Planned introductions from FY2027 onward |
| Airbus A321neo | 11 | Planned mainly as Boeing 767 replacements on domestic routes from FY2028 |
| Freighters | Expanding | Group is expanding freighter operations |
| ZIPAIR | Growing | Group LCC brand |
Three-year financial history
JPY billion unless stated otherwise. Financial year ends 31 March.
| Year | Revenue | EBIT | EBIT margin* | Net profit |
|---|---|---|---|---|
| FY2023 | 1,651.8 | 145.2 | 8.8% | Not added |
| FY2024 | 1,844.0 | 172.4 | 9.3% | 107.0 |
| FY2025 | 2,012.5 | 218.0 | 10.8% | 137.6 |
*FY2023 and FY2024 margins calculated as EBIT divided by revenue; FY2025 is consistent with company-reported results.
Full-service passenger operating data
| Period / scope | Passengers | RPK | ASK | Load factor |
|---|---|---|---|---|
| FY2024 domestic | 36.127m | 27.666bn | 35.082bn | 78.9% |
| FY2025 international | 8.01m | 45.31bn | 52.80bn | 85.8% |
| FY2025 domestic | 38.23m | 29.27bn | 34.89bn | 83.9% |
| FY2025 total FSC | 46.24m | 74.58bn | 87.69bn | 85.1% |
JAL publishes international and domestic traffic separately. The FY2025 total FSC line combines those directly reported components; it excludes LCC brands.
Q1 FY2026 and full-year targets
| Metric | Value | Context |
|---|---|---|
| Q1 revenue | ¥523.7bn | +11.2% YoY |
| Q1 EBIT | ¥12.7bn | Quarter |
| Q1 net profit | ¥5.3bn | Quarter |
| FY26 revenue target | ¥2.095tn | Company target |
| FY26 EBIT target | ¥180bn | Company target |
| FY26 net profit target | ¥110bn | Company target |
Q1 FY2026 and full-year targets
Q1 revenue reached a record level, but profit compressed as fuel and yen weakness moved through the cost base. That makes the gap between full-year revenue growth and the lower EBIT target one of the most useful indicators to monitor through FY2026.
Disclosure policy
JAL Group P&L and full-service airline traffic are shown with scope labels. LCC activity is not blended into FSC ASK/RPK.
Methodology
JAL Group annual/quarterly financial releases and traffic data. JPY billion unless stated otherwise; financial year ends 31 March. FY2023 and FY2024 margins are calculated as EBIT divided by revenue; FY2025 is consistent with company-reported results. JAL publishes international and domestic traffic separately; the FY2025 total FSC line combines those directly reported components and excludes LCC brands. Q1 FY2026 margin is calculated as EBIT ÷ revenue; the prior-year Q1 revenue is derived from the reported +11.2% change.
Outlook
What to watch:
- Fuel and FX: the main drivers of the Q1 margin compression.
- International yield: inbound demand and the recovery of Japan-origin business travel.
- Domestic load factor: monetising a broadly stable domestic ASK base.
- Non-FSC profit: LCC, mileage/finance and commerce contribution to Group EBIT.
- Fleet: 787-9, A350-900 and A321neo deployment from FY2027 onward.
Peers
- ANA Holdings — Global network group · Asia-Pacific
- Singapore Airlines — Global network group · Asia-Pacific
- Cathay Pacific — Global network · Asia-Pacific