Domestic and Overseas Economic Slowdowns and Uncertainty Surrounding Passenger Demand
First written in FY2017-Q2. 8 of 25 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2025.
Japan Airlines moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
2 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Against this operating backdrop, international passenger revenue performed steadily as strong inbound demand continued and demand for business travel from Japan was on a recovery trend. Domestic passenger revenue also performed steadily, supported by a certain recovery in demand.」
Domestic and international passenger demand progressed from a recovery trend to steady performance, further easing the previous uncertainty over demand. Global conditions and inflation, however, remain concerns. - FY2024-Q2MitigatedAnnual report
「The spread of COVID-19, which had significantly affected our group, is finally beginning to subside. Border measures for international flights have ended and domestic activity restrictions have been lifted, while air passenger demand is recovering steadily as various events and activities resume across Japan.」
The disclosure states that air passenger demand recovered steadily against the backdrop of the end of border measures and domestic activity restrictions and the resumption of events. - FY2024-Q1MitigatedAnnual report
「The classification of COVID-19, which had significantly affected our group, was changed in May, and the pandemic is finally beginning to subside. Border measures for international flights have ended, domestic activity restrictions have been lifted, and a variety of events and activities have resumed across Japan. Against this backdrop, air passenger demand is recovering steadily.」
The disclosure states that air passenger demand recovered steadily against the backdrop of the reclassification of COVID-19, the end of border measures and domestic activity restrictions, and the resumption of events. - FY2023-Q3MitigatedAnnual report
「Efforts to balance preventing the spread of COVID-19 with social and economic activity have taken hold, and air passenger demand in Japan and overseas is steadily recovering. International passenger demand has gradually recovered as people resumed free movement across borders following the easing of entry and exit restrictions by governments worldwide. In Japan, demand for business travel by Japanese companies gradually recovered following the phased easing of border measures, and inbound demand quickly shifted into recovery following the substantial easing of entry restrictions in October 2022.」
Air passenger demand in Japan and overseas recovered steadily, while international passenger demand also entered a recovery phase against the backdrop of eased entry restrictions. - FY2023-Q2Continued recovery in demand with a temporary slowdown caused by the seventh waveAnnual report
「Domestic passenger demand recovered strongly as efforts to balance infection prevention with social and economic activity gained momentum, particularly during Golden Week and the summer holidays. However, the increase in domestic infections caused by the seventh wave since July temporarily slowed the pace of recovery.」
Domestic passenger demand recovered strongly, but the seventh wave temporarily slowed the pace of recovery, leaving recovery and uncertainty coexisting. - FY2023-Q1MitigatedAnnual report
「Air passenger demand, which had declined significantly due to the spread of COVID-19, recovered during the first quarter as vaccinations progressed and behavioral patterns aimed at preventing infection became established. International passenger demand gradually recovered as overseas business travel resumed following the easing and lifting of entry and exit restrictions worldwide and the partial easing of Japan's stringent entry restrictions. Domestic passenger demand also recovered steadily, particularly on routes departing from the Tokyo metropolitan area, following the full lifting of restrictions on activities, including states of emergency and priority preventive measures.」
International and domestic passenger demand shifted toward recovery against the backdrop of eased entry and exit restrictions and domestic activity restrictions, partially mitigating the previous risk of weak demand. However, the disclosure does not indicate a full recovery. - FY2022Expectations for a recovery in demand alongside uncertaintyAnnual report
「Two years have passed since the spread of COVID-19, but the situation has still not been fully brought under control. In fiscal 2021, in addition to the rapid spread of the Omicron variant, geopolitical risks emerged amid the situation involving Russia and Ukraine.」
While anticipating a recovery in air travel demand, uncertainty related to the Omicron variant and geopolitical risks remains. - FY2022-Q3Recovery in passenger demand alongside variant-related risksAnnual report
「International passenger demand showed a steady recovery in underlying demand, including demand from returning residents, employees assigned to overseas offices and transit demand between Asia and North America. Domestic passenger demand also recovered strongly from October onward compared with the first half, when demand was depressed by rising infection numbers and repeated extensions of states of emergency. However, concerns remain about the prolonged impact of the spread of COVID-19 and the global resurgence of infections with new variants.」
While reporting a recovery in international and domestic passenger demand, the disclosure expresses concern over the prolonged spread of infections and the global resurgence of new variants, indicating that recovery and uncertainty coexist. - FY2022-Q2Continued pressure on passenger demand alongside expectations for a recoveryAnnual report
「International passenger demand remained extremely limited due to the prolonged impact of the spread of COVID-19, while domestic passenger demand also showed no signs of recovery due to the resurgence of infections and other factors, leaving passenger demand generally in a difficult situation.」
While the difficult conditions for international and domestic passenger demand continued, the latter part of the disclosure also expressed expectations for a recovery against the backdrop of vaccinations and the easing of entry restrictions. - FY2022-Q1Continued weakness in passenger demand alongside expectations for a domestic recoveryAnnual report
「As a result, international and domestic air passenger demand remained depressed. Although difficult operating conditions continued due to the prolonged impact of the spread of COVID-19, including Tokyo's fourth declaration of a state of emergency, progress in vaccinations in Japan has created conditions in which an early recovery in domestic air travel demand, particularly tourism demand, can be anticipated.」
While international and domestic passenger demand remained depressed, the disclosure also cites expectations for an early recovery in domestic tourism demand against the backdrop of progress in vaccinations. - FY2021WorsenedAnnual report
「It is extremely difficult at present to forecast future trends in international passenger demand. As our group is unable to reasonably estimate its production plans and revenue outlook for the current fiscal year, the disclosure of the earnings forecast for the fiscal year ending March 2022 is currently undecided.」
With no clear prospect of a recovery in international passenger demand, the inability to disclose production plans, the revenue outlook and the earnings forecast for the following fiscal year continued. - FY2021-Q3WorsenedAnnual report
「Although some countries and regions where the spread of infection was subsiding had been discussing and agreeing to ease entry and exit restrictions with Japan under certain conditions, many countries and regions were experiencing a resurgence of infections, and there was no clear prospect of a recovery in international passenger demand.」
While some regions were easing entry and exit restrictions, many were experiencing a resurgence of infections, and the lack of a clear prospect for recovery in international passenger demand continued to be reported. - FY2021-Q2WorsenedAnnual report
「Many countries and regions still have not brought the spread of the infection under control, and there is no clear prospect of a recovery in international passenger demand.」
With no clear prospect of a recovery in international passenger demand and domestic demand fluctuating amid a resurgence of infections, uncertainty in the demand environment has continued. - FY2020WorsenedAnnual report
「Since January 2020, the spread of COVID-19 has caused a significant downturn in the global and Japanese economies.」
Beyond the uncertainty caused by the previous US-China trade friction and other factors, the spread of COVID-19 caused a downturn in the global and Japanese economies and a sharp decline in air travel demand. - FY2020-Q3WorsenedAnnual report
「International passenger demand lacked strength amid trends in the global economy, while domestic passenger demand remained firm, partly due to the 10-day Golden Week holiday following the change of era name. International air cargo demand also remained weak.」
International passenger demand lacked strength and international air cargo demand was weak, while domestic passenger demand remained firm. - FY2020-Q2WorsenedAnnual report
「In summary, during the second quarter, uncertainty over the outlook for the global economy spread due to the impact of US-China trade friction and other factors, while the Japanese economy generally continued on a moderate expansionary trend. Against this backdrop, total air passenger demand lacked some strength in international passenger travel but remained firm in domestic passenger travel, partly due to the 10-day Golden Week holiday following the change of era name. International air cargo demand remained weak.」
Uncertainty over the outlook for the global economy persisted, international passenger demand lacked strength, and international air cargo demand was also weak. Domestic passenger demand, however, remained firm. - FY2020-Q1WorsenedAnnual report
「As uncertainty over the outlook for corporate performance spread due to the impact of US-China trade friction and other factors, the Japanese economy also lacked strength. Against this economic backdrop, international passenger and air cargo demand remained weak, but domestic passenger demand was exceptionally strong throughout the first quarter, not only during the Golden Week period.」
While uncertainty over the outlook increased due to US-China trade friction and other factors, international passenger and air cargo demand weakened, whereas domestic passenger demand remained strong. - FY2019-Q3Firm major economies alongside external uncertaintyAnnual report
「In summary, during the third quarter, the global economy faced the US-China trade friction and political instability in Europe, but the economies of Japan, the United States and other major countries remained firm, and demand for international and domestic passenger travel and international air cargo remained steady.」
While describing the economies of major countries and air travel demand as firm, the disclosure also cites US-China trade friction and political instability in Europe as new sources of external uncertainty. - FY2019-Q2MitigatedAnnual report
「In summary, during the second quarter, the economies of Japan, the United States and other major countries remained firm, and demand for both international and domestic air travel remained steady.」
The economies of major countries and demand for international and domestic air travel were described as firm, indicating that concerns over economic conditions and demand continued to ease. - FY2019-Q1MitigatedAnnual report
「Total air travel demand remained generally firm in both Japan and overseas markets, supported by the continued moderate recovery in the economy, particularly domestic passenger demand and inbound demand from international visitors to Japan.」
The continued recovery in domestic and overseas economies supported firm domestic passenger demand and inbound demand from international visitors to Japan, indicating that previous concerns about an economic slowdown had eased relatively. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the fiscal year under review, employment and income conditions continued to improve, the economy continued to recover moderately, capital investment increased moderately, and personal consumption showed signs of a moderate recovery. Overseas economies were generally recovering moderately, although some weakness was seen in Europe.」
The economic environment was described as similar to the previous quarter, including a moderate domestic recovery and some weakness in Europe. - FY2018-Q2RestatedAnnual report
「During the six-month period of the fiscal year under review, employment and income conditions improved, the economy continued to recover moderately, and personal consumption and capital investment showed signs of a moderate recovery. Overseas economies were generally recovering moderately, although some weakness was seen in Europe.」
Domestic and overseas economies were described as being in a similar situation to the previous quarter, with a moderate domestic recovery and some weakness in Europe. - FY2018-Q1MitigatedAnnual report
「During the three-month period of the fiscal year under review, employment and income conditions improved, the economy continued to recover moderately, and personal consumption and capital investment showed signs of recovery. Overseas economies were generally recovering moderately, although some weakness was seen in Europe.」
The domestic economy was described as recovering moderately amid improved employment and income conditions, while overseas economies were also recovering moderately except in parts of Europe, easing concerns about the economic slowdown seen in the previous quarter. - FY2017-Q3RestatedAnnual report
「During the nine-month period of the fiscal year under review, the Japanese economy showed weakness, although personal consumption generally remained firm. Overseas economies were weak in Asian emerging economies, resource-rich countries and elsewhere, particularly as the Chinese economy slowed.」
Weakness in the domestic economy and economic slowdowns in China, Asian emerging economies and resource-rich countries, among others, continue to be identified as risks in the demand environment. - FY2017-Q2First statedAnnual report
「Although personal consumption generally remained firm, the overall economy showed weakness. Overseas economies were weak in Asian emerging economies, resource-rich countries and elsewhere, particularly as the Chinese economy slowed.」
Weakness in the domestic economy and economic slowdowns in China and emerging economies are identified as risks in the demand environment.