By Shodai Niki / Yomiuri Shimbun Staff Writer

Japan Airlines Co. plans to increase its earnings before interest and taxes $(EBIT)$ by 70% to 350 billion yen in 10 years through fiscal 2035, which ends March 2036, the flag carrier announced Monday.

The airline will reinforce its aviation business, focusing on international routes, and expand its financial-related business such as mileage programs, according to its 10-year business plan through fiscal 2035.

JAL will increase its passenger-carrying capacity -- measured through seats and flight distance -- of international flights by 30% by fiscal 2030 from fiscal 2025. The company will increase its aircraft for medium-to-long-haul flights as it anticipates the expansion of Narita Airport in 2029. It will also consider introducing large cargo planes as demand for cargo flights is increasing in routes connecting Asia to Europe and the United States.

Regarding financial-related business, JAL will seek to expand the number of companies that can redeem its miles. The company plans to invest more than 80 billion yen in mile-related operations through M&A and other measures.

At a press conference held Monday, JAL President and CEO Mitsuko Tottori revealed her intention to diversify the company's business operations in preparation for a sudden decline in air travel demand due to geopolitical risks. "As we face a time of uncertainty, we would like to build a strong business portfolio that is resilient to the changes in the outside environment," she said.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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March 03, 2026 03:28 ET (08:28 GMT)

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