JAL forecasts strong recovery, boosts profit and dividend outlook

Japan Airlines (JAL) projects a substantial recovery in its financial performance, forecasting a ¥1.977 trillion revenue for the fiscal year ending March 2026, a significant increase from the revised ¥1.84 trillion expected for the year ending March 2025, which was down from an initial projection of ¥1.93 trillion made in May. The revision reflects adjustments to current revenue and expense trends, despite maintaining the same profit outlook for March 2025. JAL expects ¥200 billion in EBIT and ¥115 billion in net profit attributable to owners for the year ending March 2026, driven by a tight supply-demand balance in international passenger travel as outlined in its "2021-2025 JAL Group Medium Term Management Plan Rolling Plan 2025". Reflecting this positive outlook and commitment to shareholder returns, JAL plans to increase its annual dividend to ¥92 per share for fiscal year 2026, up from the projected ¥80 per share for fiscal year 2025.