Japan Airlines (JAL) announces a freighter codeshare arrangement with US-based Kalitta Air. According to the agreement, Kalitta Air will operate three codeshare flights per week between Tokyo-Narita and Chicago O’Hare airport, starting from 1 August 2019.
In recent years, JAL has chartered freighter flights based on seasonal demand, but through this codeshare arrangement with Kalitta Air, the carrier will now offer scheduled freighter services between Asia and North America.
Together with Kalitta Air, JAL says it will “strive to deliver a more comprehensive freighter network and provide convenient options for the company’s valued customers”.
Meanwhile, the JAL saw cargo revenue drop in the first quarter 2019, for the period ending 30 June, by 3.3 per cent year-on-year. The Japanese carrier says the drop was due to trade frictions between the US and China.
Overall, JAL saw operating revenue for Q1 rise by 4.0 per cent year-on-year to JPY 355.7 billion (USD 3.35 billion), while operating expenses increased 5.5 per cent y-o-y to JPY 334.6 billion. Operating profit decreased 15.6 per cent y-o-y to JPY 21.0 billion and ordinary profit decreased 7.9 per cent from the previous year to JPY 21.2 billion. The net profit attributable to owners of the parent was JPY 11.9 billion, down 32.1 per cent from the previous year.