JAL receives CAPA's “2008 Airline Turnaround of the Year” award

31 Oct 2008

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Japan Airlines (JAL) has received the CAPA Airline Turnaround of the Year 2008 award for a airline from the region whose affairs have been significantly transformed for the better during the past year.

JAL was selected as the winner ahead of a field of strong contenders for its corporate restructuring and reform.

For the past five years, the CAPA aviation awards have been recognising industry innovators and leaders in the region for the excellence they have displayed in the execution of their cutting-edge business strategies.

The CAPA panel identified the following areas of progress by JAL:

  • Fleet simplification and effective route rationalisation on international and domestic networks.
  • Streamlined decision-making/improved responsiveness to the market.
  • Strategic investment in product improvement and services.
  • Effective use of alliances.
  • Fuel conservation techniques.

"The entire Japan Airlines team, under the outstanding leadership of Mr Haruka Nishimatsu, is to be commended on its transition to a strong and profitable airline in the face of significant industry and economic challenges. Japan Airlines is successfully adapting to rapid industry change and is well positioned to prosper as Japan's aviation progressively opens in the years to come", said Peter Harbison, executive chairman of the Centre for Asia Pacific Aviation.

The fact that JAL's efforts have been effective is apparent from the financial results for the fiscal year ended 31 March 2008, for which the airline group posted its first net profit after two consecutive years of net loss. Results in the first quarter of FY2008 (April - June 2008) also show signs of this continued improvement.   

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