Despite Japan travel boom, JAL and ANA see different earnings paths

Rising competition and weak yen make for unclear year ahead

20240503N ANA JAL

Japan Airlines and All Nippon Airways face diverging outlooks in fiscal 2024. © Reuters

KEIICHI FURUKAWA and AKINORI KAMATA, Nikkei staff writers

TOKYO -- Japan Airlines and compatriot ANA Holdings have very different earnings expectations for this fiscal year as intensifying competition and the weak yen leave the outlook for the industry uncertain, especially for outbound travel.

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