Japan Airlines (JAL) will continue to follow a conservative growth strategy, even after expansion restrictions are removed by regulators, according to chairman Masaru Onishi. JAL’s capacity constraint in recent years has been a factor in its dramatic return to profitability, Onishi said at the IATA AGM in Dublin. The carrier recorded a net profit of ¥174.4 billion ($1.6 billion) last year, and an operating margin of 15.7%. Investing in product quality, rather than adding scale, ...

Subscribe to Access this Entire Article

"JAL will keep growth in check, Onishi says" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.