*JAL fell into the large red due to operational problems and higher fuel cost

JAL released the financial result for FY2005 (April 1 2005 to March 31 2006)on May 10, reporting that it posted net loss of 47.2 billion yen, largely dropping from net profit of 30 billion yen for FY2004. Although JAL increased revenue by 3.3% to 2,199 billion yen for FY2005, it fell into operating loss of 26.8 billion yen for FY2005 from operating profit of 56.1 billion yen for FY2004 mainly because it had suffered from fuel cost of additional 88.2 billion yen through the fiscal year. At the same time, it posted ordinary loss of 41.6 billion yen for FY2005, largely reducing from ordinary profit of 69.8 billion yen. As a result, JAL does not pay dividend at all.

This Week Headline
*JAL fell into the large red due to operational problems and higher fuel cost
*Japanese visitors to the mainland U.S. resulted in just 0.3% increase in 2005
*Fifty major travel agents resulted in 2.0% increase of travel transactions for FY2005
*JTB slightly decreased overseas travel transactions for FY2005
*Haneda-Gimpo charters carried 70% more passengers for FY2005
*JAL and ANA carried more passengers during this GW than a year ago
*Star Flyer achieved load factor of 67.8% during the GW period
*Narita handled the most passengers during this GW in its history
*Narita will start renewing the 2nd PTB as well