Two Japanese Airlines: JAL Continues to Lose Money, but ANA Returns to Profit

Two Japanese airlines, Japan Airlines (JAL/JL) and ANA Holdings (ANA/NH), have announced their consolidated financial results for the October-December period of 2021. JAL posted an operating loss of 31.8 billion yen (versus a loss of 70.1 billion yen in the same period last year), while ANA Holdings posted a profit of 190 million yen (versus a loss of 81.4 billion yen in the same period last year), marking the first time in eight quarters that ANA Holdings has returned to profitability. Due to high air freight rates, ANA Holdings, which has cargo-only aircraft, improved its business.