JAL Group s s Account Settlement for FY2004. May 9 th, 2005 Japan Airlines Corporation

Transcription

1 JAL Group s s Account Settlement for FY2004 May 9 th, 2005 Japan Airlines Corporation 0 JAL 2005

2 Table of Contents Forecast of Business Performance for FY2005 Measures to cope with soaring Fuel Price Results of main Subsidiaries Capital Expenditure & Depreciation Interest-bearing Debt 1 JAL 2005

3 . Forecast of Business Performance for FY JAL 2005

4 . Forecast of Business Performance for FY2005 Measures to cope with soaring Fuel Price $80 Impact Impact Additional Measures to set-off Fuel Price* hike up to $70/bbl *Singapore Kerosene Measures $70 45 bln+ Revenue Increase Measures Additional Cost Reduction $54/bbl Assumed Market price at Med-term Business Plan Efficient Fuel Loadage Efficient Maintenance Cost Reduce landing fee etc. 3 JAL 2005

5 . Forecast of Business Performance for FY2005 First year of the Medium-term Business Plan FY Accomplish the first year plan of the Medium-term Business Plan by steady implementation of structural cost reform and various measures. Structural Cost Reform Urgent Measures Additional Measures FY Mediuam-term Business Plan Billions of Yen FY05 FY06 FY07 Operating Income Ordinary Income Net Income JAL 2005

6 . Forecast of Business Performance for FY2005 Forecast of Business results for FY2005 (Consolidated) Forecast of Business Result Assumptions Billions of Yen Operating Revenue IP DP IC Others Operating Income Ordinary Income Net Income IP=International Passenger DP=Domestic Passenger IC=International Cargo yr/yr Supply 1.5% IP Demand 3.1% Yield 4.0% Supply -1.8% DP Demand 1.9% Yield -0.4% Supply 4.1% IC Demand 4.5% Yield -2.4% SupplyASK ATK Yieldper Passenger per weight $54/bbl FOREX 1USD Fuel SIN Kerosene 5 JAL 2005

7 . Forecast of Business Performance for FY2005 Forecast of Business Results for FY2005 (by Segment) 6 JAL 2005

8 . Outline of Account Settlement for FY JAL 2005

9 II. Outline of Account Settlement for FY2004 Results of Remedial Measures for FY2004 IP=International Passenger DP=Domestic Passenger IC=International Cargo 8 JAL 2005

10 II. Outline of Account Settlement for FY2004 Outline of the Consolidated Financial Statements Billions of Yen FY03 FY04 yr-yr yr/yr Operating Revenue 1, , % (Operating Cost) 1, , % Operating Income Ordinary Income Net Income % Repayment Period*1 22years 11years 9 JAL 2005

11 II. Outline of Account Settlement for FY2004 Revenue and Operating Income by Segment FY04 yr-yr yr/yr FY04 yr-yr 1, % % % % % , % JAL 2005

12 II. Outline of Account Settlement for FY2004 Outline of the Results of Air Transportation Segment Billions of Yen FY03 FY04 yr-yr yr/yr Internatio nal Domestic Passenger Cargo Passenger Cargo Others Incidental Busness JAL 2005

13 II. Outline of Account Settlement for FY2004 Results of International Passenger Revenue Load Factor FY bln yr/yr22.1% FY % vs FY03 4.7% 12 JAL 2005

14 II. Outline of Account Settlement for FY2004 Demand and Supply of International Passenger by Route yr/yr 13 JAL 2005

15 II. Outline of Account Settlement for FY2004 Results of Domestic Passenger Revenue Load Factor FY bln yr/yr0.9% FY % vs FY03 0.2% 14 JAL 2005

16 II. Outline of Account Settlement for FY2004 Results of International Cargo Revenue FY bln yr/yr 12.0% Tonnage FY04 Total Revenue Cargo ton-km(yr/yr) 7.1% Pacific Europe S.E Asia etc. 15 JAL 2005

17 II. Outline of Account Settlement for FY2004 Outline of the Break down of Operating Costs (Air Transportation Segment) yr-yr yr/yr Fuel % Airport facilities % Maintenance % Passenger services % Commissions % Aircraft Depreciation % Aircraft leases % Personnel % Others Consolidated Adjustments % 1, , % 16 JAL 2005

18 II. Outline of Account Settlement for FY2004 Fuel & FOREX Fuel Hedge Ratio of FY2004 App. 40% FOREX Impact Billions of Yen FY03 FY04 Difference Unit Cost Difference FOREX Price Hedge and Others Loadage Difference 17 JAL 2005

19 (Appendix) 18 JAL 2005

20 Appendix Results of main Subsidiaries Before Consolidated Adjustment Billions of Yen Operating revenue yr/yr Difference Operating Income yr/yr Difference Net Income yr/yr Difference Airlinerelated Travel Service AGP TFK JALT JLPK JSA JCI Others JAL Hotels JALUX JAL 2005

21 Appendix Capital Expenditure & Depreciation 20 JAL 2005

22 Appendix Interest-bearing Debt *Interest-bearing debt/operating cash flow(operating Income+Net Interest Income- Tax Divined+Repayment Lease Principal+Depreciation etc. 21 JAL 2005

23 <Notice> <Contact Address> Japan Airlines Corporation, IR Desk Office Hour:Weekday9: Address: JAL Bldg , Higashi-Shinagawa Shinagawa-ku, Tokyo (N.B.) Please refer to the Financial Information ( Gyoseki no Gaikyo ) for the precise figures on the account settlement. Any statements in this document, other than those of historical facts, are forward-looking statements about future performance, which are based on management s assumptions and beliefs in light of information currently available, and involve risks and uncertainties. Actual results may differ materially from these forecasts. This document is published as supplemental materials for the Briefing on JAL Group s Financial Statements for FY2004. The copyright of this document belongs Japan Airlines System Corporation. You can watch this presentation on our Homepage (Sorry! Only in Japanese). Please refer to the following URL: 22 JAL 2005