Operational and Fuel Market Risks Arising from the Russia-Ukraine Situation
First written in FY2022. 4 of 6 entries say "Worsened", first in FY2024-Q3. Latest entry: 2026-11-02.
Japan Airlines moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In response to the suspension of foreign airlines' services in the Middle East following the deterioration in the region's situation in March, we actively captured substitute demand for our nonstop Europe flights and connecting demand from India to North America, enabling us to secure revenue exceeding that of the suspended Doha route.」
In addition to the Russia-Ukraine situation, the Middle East situation deteriorated, resulting in the suspension of the Doha route and an operational impact. The company stated that it offset the impact on revenue by capturing substitute demand. - FY2024-Q3WorsenedAnnual report
「Although new geopolitical risks have arisen, including fighting between the Israeli military and the Islamist organization Hamas, and the recovery in demand on China routes has been delayed, the impact on business performance is limited.」
In addition to the Russia-Ukraine situation, fighting between the Israeli military and Hamas created a new geopolitical risk, while the recovery in demand on China routes was delayed. The company explained that the impact on business performance was limited. - FY2023-Q2RestatedAnnual report
「In response to the Russia-Ukraine situation, we have suspended takeoffs, landings and overflights within Russian territory and changed our operations to alternative routes that can be flown safely.」
Continued operating between Japan and Europe by suspending operations within Russian territory and using alternative routes. - FY2022First statedAnnual report
「Although we have suspended takeoffs and landings in Russian territory and flights over Russia due to the situation involving Russia and Ukraine, we are working to maintain operations by establishing alternative flight routes and other measures to meet as much of the international passenger and cargo demand between Japan and Europe as possible.」
The suspension of operations within Russian territory and the establishment of alternative routes were described as new geopolitical and operational risks arising from the Russia-Ukraine situation.