Japan Airlines, ANA face cost and geopolitical hurdles in global tourism push

Carriers hit headwinds as profit suffers despite record revenues

Japan Airlines and All Nippon Airways see international routes as the key to lifting their earnings, though obstacles remain. (Photo by Konosuke Urata)

KEIICHI FURUKAWA and AKINORI KAMATA, Nikkei staff writers

November 2, 2024 04:03 JST

TOKYO -- Japan Airlines and ANA Holdings suffered a profit decline in the April-September half despite record revenues, as they grapple with surging fuel costs, geopolitical risks and turmoil at supplier Boeing.

JAL's revenue grew 10% on the year to 901.8 billion yen ($5.9 billion) on Japan's tourism boom and strong demand for business travel. But increased costs led net profit to drop 19% to 49.8 billion yen.