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JAL Group Announces FY2020 Consolidated Financial Results
The JAL Group today announced the consolidated financial results for the period April 1, 2020 to March 31, 2021. Beginning this fiscal year, the Company applied IFRS (International Financial Reporting Standards) to the consolidated financial results. In line with this change, the performance management indicator has been changed from operating income to EBIT, which includes both business and investment results.
This fiscal year (April 1, 2020 to March 31, 2021) was extremely tough for the airline industry, including the JAL Group, due to the impact of the COVID-19 pandemic. As the pandemic spread across the globe, the JAL Group strived to maintain its domestic and international route network, while strengthening hygiene and contactless measures to ensure a safe and secure travel experience. Faced with a rapid and significant decrease in revenue, the carrier implemented fundamental cost reducti ....

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