Japan Airlines Forecasts Small Profit Hit After Tokyo Crash
Skift Take
Japan Airlines expects minimal financial fallout from the the crash of one of its Airbus A350 jetliners at Tokyo's Haneda Airport on Tuesday. Insurance will cover the cost of the plane while the temporary closure of Haneda's longest runway is forecast to take a small bite out of the airline's profits.
“Our main concern is that Haneda Airport is not operating its main runway, Runway C, due to the wreckage of the crashed aircraft," said Shuei Nishizawa, head of the finance department at JAL, in an analyst call on Thursday. "Therefore, roughly 60 flights to 70 flights, mainly domestic flights, for both JAL and ANA [All Nippon Airways] are cancelled every day now.”
He declined to say how long the runway will remain closed but indicated it will likely be several weeks.
Haneda is the busiest
