Press Release
JAL Group Announces First Quarter Consolidated Results for Financial Year 2005
Tokyo, Friday July 29: Today the JAL Group announced consolidated financial results for the first quarter (April through June 2005) of the current financial year (ending March 31 2006).
Total operating revenues for the three-month period were 503.3 billion yen, 24 billion yen (+5.0%) more than last year. Operating expenses were, 535.4 billion yen, resulting in an operating loss of 32 billion yen. Ordinary income resulted in a loss of 37.4 billion yen and the first quarter net result was a 38.3 billion yen loss.
Over the past 12 years, the first quarter result generally shows a loss, with the loss being made up and profits earned in the second quarter.
JAL Group First Quarter Consolidated Results for FY05
|
Units: billions of yen (Figures rounded down to one decimal place.) |
First Quarter FY 2005 (April 1 - June 30, 2005) |
First Quarter FY 2004 (April 1 - June 30, 2004) |
Previous Year % Comparison |
|
Total operating revenue |
503.3 |
479.3 |
105.0% |
|
International passenger |
159.6 |
150.0 |
106.4% |
|
Domestic passenger |
150.3 |
150.0 |
100.2% |
|
International cargo |
41.1 |
40.4 |
101.6% |
|
Operating income |
- 32.0 |
- 30.2 |
- |
|
Ordinary income |
- 37.4 |
- 35.7 |
- |
|
First quarter net income |
- 38.3 |
- 40.7 |
- |
AIR TRANSPORT SEGMENT DETAILS
International passenger traffic: Demand was steady on long haul routes to North America and Europe but slower in picking up on Southeast Asia and Oceania routes. China route traffic demand was down on last year due to the effects of anti-Japanese demonstrations. Because of increased fares and surcharges introduced to cope with higher fuel prices there was growth in yield. Revenue passenger numbers grew by 1.6% to 3,390,003 on the same period last year. Revenue passenger kilometers rose by 1.2% and revenue grew by 9.5 billion yen (6.4%) to 159.6 billion yen.
Domestic passenger traffic: Group tour traffic demand was good but due to a series of safety-related incidents the number of individual passengers was down slightly. Use of a new business class, Class J, increased and more people made use of JAL's “Touch and Go'' IC check in system. The domestic revenue passenger total was up by 0.3% to 10,542,344, with a corresponding growth in revenue passenger kilometers of 0.2% - basically no change on the year before. Revenue rose slightly by 0.3 billion yen (+0.2%), to a total of 150.3 billion yen, very little change on the previous year, same period.
International cargo traffic: Demand out of some overseas markets was good, notably out of China, but demand from the USA and Europe was soft, as was demand out of Japan to Southeast Asia and China. Traffic measured in revenue cargo ton kilometers was down 5.2% but yield rose 7.1%. Revenue was up by 632 million yen (+1.6%) to 41.1 billion yen. Tonnage carried in the quarter totaled 187,807 tons, -5.4% on the same period last year.
Fuel: This year's first quarter fuel costs rose to an average of US$66.7 per barrel of Singapore Kerosene, compared to an average price of US$41.0 in the same period last year. This added 21.9 billion yen to the total fuel bill for the quarter of 87.3 billion yen, after taking into account fuel cost hedging and currency exchange rate effects.
Foreign exchange: Foreign currency exchange rates, notably the US$=Yen rate averaging US$1.00=\106.7, had a positive effect on operating income of 3.2 billion yen (first quarter FY2004, US$=Yen rate 110.0 yen per dollar).
Forecast for the consolidated results for the year ending March 31, 2006 is unchanged on the forecast made on May 9, 2005.
JAL Group Consolidated Traffic Statistics First Quarter
|
|
First Quarter FY2005 (April 1 - June 30 2005) |
First Quarter FY2004 (April 1 - June 30 2004) |
Change % Or points |
|
INTERNATIONAL |
|
|
|
|
Passenger number |
3,390,003 |
3,337,752 |
101.6% |
|
Revenue passenger Kilometers (000) |
16,219,477 |
16,024,965 |
101.2% |
|
Available seat Kilometers (000) |
24,854,560 |
24,290,190 |
102.3% |
|
Revenue seat load factor |
65.3% |
66.0% |
-0.7 |
|
Revenue cargo ton Kilometers (000) |
1,086,497 |
1,146,051 |
94.8% |
|
Mail ton kilometers (000) |
37,669 |
34,015 |
110.7% |
|
Revenue ton Kilometers (000) |
2,628,343 |
2,671,699 |
98.4% |
|
Available ton kilometers |
4,122,269 |
4,050,834 |
101.8% |
|
Revenue weight load factor |
63.8% |
66.0% |
-2.2 |
|
DOMESTIC |
|
|
|
|
Passenger number |
10,542,344 |
10,507,613 |
100.3% |
|
Revenue passenger Kilometers (000) |
7,786,396 |
7,774,433 |
100.2% |
|
Available seat Kilometers (000) |
12,732,734 |
13,058,600 |
97.5% |
|
Revenue seat load factor |
61.2% |
59.5% |
1.7 |
|
Revenue cargo ton Kilometers (000) |
91,801 |
94,889 |
96.7% |
|
Mail ton kilometers (000) |
19,028 |
16,566 |
114.9% |
|
Revenue ton Kilometers (000) |
693,591 |
694,183 |
99.9% |
|
Available ton kilometers |
1,493,280 |
1,543,124 |
96.8% |
|
Revenue weight l/factor |
46.4% |
45.0% |
1.4 |
|
TOTAL |
|
|
|
|
Passenger number |
13,932,347 |
13,845,365 |
100.6% |
|
Revenue passenger Kilometers (000) |
24,005,873 |
23,799,398 |
100.9% |
|
Available seat Kilometers (000) |
37,587,294 |
37,348,790 |
100.6% |
|
Revenue seat load factor |
63.9% |
63.7% |
0.2 |
|
Revenue cargo ton Kilometers (000) |
1,178,298 |
1,240,940 |
95.0% |
|
Mail ton kilometers (000) |
56,697 |
50,581 |
112.1% |
|
Revenue ton Kilometers (000) |
3,321,934 |
3,365,882 |
98.7% |
|
Available ton Kilometers (000) |
5,615,549 |
5,593,958 |
100.4% |
|
Revenue weight l/f |
59.2% |
60.2% |
-1.0 |
International results include data from JAL, Japan Asia Airways and JALways. Domestic results include data from JAL, Japan Transocean Air, JAL Express, Japan Air Commuter, Hokkaido Air System and J-Air.. Domestic results for the 1st quarter FY2005 also includes data from Ryukyu Air Commuter.
Consolidated Financial Forecast for the Year Ending March 31, 2006 (As of May 9, 2005)
|
Units: millions of yen |
FY 2005 - Year ended March 31, 2006 |
Difference on FY2004 Year ended March 31, 2005 |
|
(1) Consolidated operating revenues: |
2,209,000 |
+79,100 |
|
International passenger revenue |
(720,000) |
(+48,700) |
|
Domestic passenger revenue |
(685,000) |
(+10,200) |
|
International cargo revenue |
(175,000) |
(+3,600) |
|
(2) Consolidated operating income |
60,000 |
+3,800 |
|
(3) Consolidated ordinary income |
29,000 |
(- 40,800) |
|
(4) Consolidated net income |
17,000 |
(- 13,000) |
###
|
| FQ05 Results.pdf |
