Tokyo: Japan Airlines (JAL) posted a whopping 80.2% decline in net profit during the April-June period of the 2026 fiscal year, according to a recent company statement. The flag carrier's net profit fell to $34 million as rising fuel prices linked to the Middle East conflict weighed on earnings.

According to Anadolu Agency, revenue for the three-month period rose 11.2% to $5.9 billion. Revenue from international flights increased 14.4% to $1.3 billion, while domestic flight revenue climbed 3.6% to $886.1 million. Despite the rise in revenue, JAL Chief Financial Officer Yuji Saito indicated that costs had increased and outbound tourism was weaker than during the same period last year.

The airline aims to achieve a net profit of $701.3 million for the fiscal year ending March 2027, suggesting a strategic focus on overcoming current challenges and capitalizing on revenue growth in international and domestic markets.